According to STRís July 2017 Pipeline Report,
there are 626,535 hotel rooms in 2,834
projects Under Contract in the Asia Pacific region.
represents a 7.0% increase in rooms Under Contract compared with
The Asia Pacific
region reported 276,757 rooms in 1,210 projects In Construction
for the month. Based on number of rooms, that is an 8.3% increase
Three key markets in the
region reported more than 5,000 rooms In Construction:
Shanghai, China (9,737 rooms in 43 projects)* Jakarta,
Indonesia (5,715 rooms in 23 projects)* Chengdu, China (5,182
rooms in 23 projects)
Under Contract data includes projects in the In
Construction, Final Planning and Planning stages but does not
include projects in the Unconfirmed stage.