612,210 Hotel Rooms in 2,767 Projects Under
Contract in Asia Pacific
According to STRís June 2017 Pipeline Report,
there are 612,210 hotel rooms in 2,767 projects Under Contract in
the Asia Pacific region.
The total represents a 6.2% increase in
rooms Under Contract compared with June 2016.
The Asia Pacific region reported 270,976 rooms
in 1,183 projects In Construction for the month. Based on number
of rooms, that is an 8.5% increase in year-on-year
Among Chain Scale segments, the Upscale segment
accounted for the largest portion of rooms Under Contract (25.9%
with 158,312 rooms) and In Construction (25.6% with 69,246 rooms).
Upper Upscale (25.5% with 69,068 rooms) was the only other segment
to represent 20.0% or more of rooms In Construction.
Under Contract data includes projects in the In
Construction, Final Planning and Planning stages but does not
include projects in the Unconfirmed stage.