Travel Industry News at since 1997. Interviews, podcasts, videos, pictures and more

553,895 Hotel Rooms Under Contract in Asia Pacific

Travel News Asia Latest Travel News Podcasts Videos Friday, 15 May 2015

According to the April 2015 STR Global Construction Pipeline Report, there are 2,403 hotels totalling 553,895 rooms Under Contract in the Asia Pacific region.

This represents a 7.3% increase in rooms Under Contract compared with April 2014, and a 1.7% year-on-year decrease in rooms under construction.

The region reported 252,317 rooms in 1,021 hotels under construction for the month.

Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract, 29.8 percent with 165,102 rooms. Two other segments each made up more than 15.0 percent of rooms Under Contract: Upper Upscale (24.9 percent with 137,926 rooms) and Luxury (15.3 percent with 84,703 rooms).

The Upscale segment accounted for the largest portion of rooms In Construction (30.1 percent with 75,971 rooms), followed by the Upper Upscale segment (26.9 percent with 67,826 rooms).

The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

STR, Pipeline, ADR, RevPAR

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

Copyright © 1997-2023