Thu, 14 Sept 2017

622,666 Hotel Rooms in 2,818 Projects Under Contract in Asia Pacific

According to STR’s August 2017 Pipeline Report, there are 622,666 hotel rooms in 2,818 projects Under Contract in the Asia Pacific region.

The total represents a 6.6% increase in rooms Under Contract compared with August 2016.

The Asia Pacific region reported 284,542 rooms in 1,239 projects In Construction for the month. Based on number of rooms, that is a 16.4% increase year-on-year.

Six countries in the region reported more than 10,000 rooms In Construction:

- China (164,538 rooms in 649 projects)
- Indonesia (21,925 rooms in 116 projects)
- India (20,149 rooms in 121 projects)
- Vietnam (11,556 rooms in 44 projects)
- Malaysia (11,107 rooms in 47 projects)
- Australia (10,486 rooms in 61 projects).

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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