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STR: Asia Pacific hotel pipeline for March 2016

April 15, 2016 Hotel Trends No Comments Print Print Email Email

STR’s March 2016 Pipeline Report shows 592,299 rooms in 2,558 projects Under Contract in the Asia Pacific region. The total represents an 8.7% increase in rooms Under Contract compared with March 2015 and a 1.6% year-over-year increase in rooms In Construction.http://eventscrm.ttgasia.com/ttg2016/itcma/buyer/itcma_buyer.asp?code=GlobalTravelMedia

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 257,357 rooms in 1,022 projects In Construction for the month.

Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (27.0% with 160,063 rooms) and In Construction (26.6% with 68,582 rooms).

The Upper Upscale segment was the only other segment to account for 20.0% or more rooms Under Contract (23.9% with 141,367 rooms) or In Construction (22.5% with 57,855 rooms).

Asia Pacific pipeline by Chain Scale for March 2016 (number of rooms)

Chain Scale Existing Supply In Construction Under Contract
Luxury 198,024 42,776 86,845
Upper Upscale 316,015 57,855 141,367
Upscale 384,685 68,582 160,063
Upper Midscale 310,966 30,564 88,131
Midscale 247,277 10,457 36,360
Economy 660,062 2,135 7,002
Unaffiliated 1,999,299 44,988 72,531
Total 4,116,328 257,357 592,299

Source: STR/data current as of 31 March 2016                                                             
Under Contract includes those projects in the In Construction, Final Planning and Planning stages

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