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Wed, 16 Aug 2017

626,535 Hotel Rooms in 2,834 Projects Under Contract in Asia Pacific

According to STRís July 2017 Pipeline Report, there are 626,535 hotel rooms in 2,834 projects Under Contract in the Asia Pacific region.

The total represents a 7.0% increase in rooms Under Contract compared with July 2016.

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 year-on-year.

According to STRís July 2017 Pipeline Report, there are 626,535 hotel rooms in 2,834 projects Under Contract in the Asia Pacific region. The total represents a 7.0% increase in rooms Under Contract compared with July 2016.

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.

See other recent news regarding: STR, Pipeline, APAC, ADR, RevPAR.

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