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STR: Asia Pacific hotel pipeline for September 2016

October 15, 2016 Hotel Trends No Comments Email Email

STR’s September 2016 Pipeline Report shows 582,271 rooms in 2,555 projects Under Contract in the Asia Pacific region. The total represents a 4.6% increase in rooms Under Contract compared with September 2015.http://www.lagunaphukettri.com/ 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 238,829 rooms in 1,018 projects In Construction for the month, which is a 5.5% decrease in year-over-year comparisons.

Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (26.1% with 152,039 rooms) and In Construction (27.0% with 64,536 rooms).

The Upper Upscale segment was the only other segment to account for 20.0% or more rooms Under Contract (25.4% with 147,788 rooms) or In Construction (25.3% with 60,511 rooms).

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

Chain Scale Existing Supply In Construction Under Contract
Luxury 197,738 40,770 84,359
Upper Upscale 327,874 60,511 147,788
Upscale 401,940 64,536 152,039
Upper Midscale 327,127 28,938 99,546
Midscale 269,394 10,729 35,483
Economy 677,295 2,463 5,071
Unaffiliated 2,042,612 30,882 57,985
Total 4,243,980 238,829 582,271

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

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