Asia Pacific hotel pipeline for August 2016
STR’s August 2016 Pipeline Report shows 584,015 rooms in 2,538 projects Under Contract in the Asia Pacific region. The total represents a 5.4 per cent increase in rooms Under Contract compared with August 2015.
Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
The region reported 244,554 rooms in 1,019 projects In Construction for the month, which is a 4.4 per cent decrease in year-over-year comparisons.
Among the countries in the region, China reported the most rooms In Construction with 131,135 rooms in 460 hotels. Two other countries reported more than 20,000 rooms under construction: India (23,563 rooms in 145 hotels) and Indonesia (22,169 rooms in 108 hotels).