According to STRís 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 regionís 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.
See other recent