Thu, 16 Nov 2017 |
641,454 Hotel Rooms in 2,917 Projects Under
Contract in Asia Pacific
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According to STRs October 2017 Pipeline Report
there are 641,454 hotel rooms in 2,917 projects Under Contract in
the Asia Pacific region, a 7.8% increase when compared to October
2016.
The Asia Pacific region reported 289,997 rooms
in 1,245 projects In Construction for the month. Based on the number
of rooms, that is a 15% increase in year-on-year comparisons.
Five key markets in the region reported more
than 4,000 rooms In Construction:
Shanghai, China (9,877 rooms in 44 projects)
Jakarta, Indonesia (5,932 rooms in 24 projects) Bali,
Indonesia (5,378 rooms in 28 projects) Chengdu, China (4,538
rooms in 21 projects) Beijing, China (4,339 rooms in 17
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 also:
CEO of Sanctum Hotels Outlines Asia Pacific Expansion Plans in HD
Video Interview.
Headlines: |
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