Fri, 16 September 2016

584,015 Hotel Rooms in 2,538 Projects Under Contract in Asia Pacific

According to STRs August 2016 Pipeline Report there are 584,015 hotel rooms in 2,538 projects Under Contract in the Asia Pacific region.

The total represents a 5.4% increase in rooms Under Contract compared with August 2015.

The region reported 244,554 rooms in 1,019 projects In Construction for the month, which is a 4.4% decrease in year-over-year comparisons.

Among the countries in the region, China reported the most hotel rooms In Construction with 131,135 rooms in 460 hotels.

 Two other countries reported more than 20,000 rooms under construction: India (23,563 rooms in 145 hotels) and Indonesia (22,169 rooms in 108 hotels).

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

See other recent news regarding: STR, Pipeline, ADR, RevPAR

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