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STR: Asia Pacific hotel pipeline for December 2016

January 13, 2017 Hotel Trends No Comments Email Email

STR’s December 2016 Pipeline Report shows 592,139 rooms in 2,646 projects Under Contract in the Asia Pacific region. The total represents a 2.4% increase in rooms Under Contract compared with December 2015.http://www.tourismlegal.com.au/

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 266,032 rooms in 1,148 projects In Construction for the month. Based on number of rooms, that is a 4.2% increase in year-over-year comparisons.

Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (25.7% with 151,996 rooms) and In Construction (27.1% with 72,031 rooms).

The Upper Upscale segment was the only other segment to account for 20.0% or more rooms In Construction (24.8% with 66,066 rooms).

Asia Pacific pipeline by Chain Scale (number of rooms):

Chain Scale Existing Supply In Construction Under Contract
Luxury 200,749 41,077 83,261
Upper Upscale 336,258 66,006 147,266
Upscale 405,074 72,031 151,996
Upper Midscale 333,069 37,108 102,597
Midscale 272,333 14,265 40,411
Economy 680,947 3,604 8,079
Unaffiliated 2,052,186 31,941 58,529
Total 4,280,616 266,032 592,139

Source: STR / report as of December 2016, activity reported through November 2016
Under Contract data includes those projects in the In Construction, Final Planning and Planning stages

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