According to STR’s January 2017 Pipeline Report,
there are 598,952 hotel rooms in 2,670 projects Under Contract in
the Asia Pacific region.
The total represents a 2.2% increase in
rooms Under Contract compared with January 2016.
The region reported 270,803 rooms in 1,176
projects In Construction for the month. Based on number of rooms,
that is a 6.2% increase in year-over-year comparisons.
Four of the region’s key markets each reported
more than 5,000 rooms In Construction:
- Shanghai, China (9,529 rooms in 42 projects)
- Jakarta, Indonesia (7,240 rooms in 29 projects)
China (5,928 rooms in 27 projects)
- Bali, Indonesia (5,474
rooms in 31 projects)
Under Contract data includes projects in the In
Construction, Final Planning and Planning stages but does not
include projects in the Unconfirmed stage.
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