There are 2,379 hotels totalling 557,133 rooms Under Contract in the Asia Pacific region, according to the July 2015 STR Global Construction Pipeline Report. This represents a 6.3% increase in rooms Under Contract compared with July 2014, and a 0.8% year-over-year decrease in rooms under construction. The 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 257,049 rooms in 1,019 hotels under construction for the month.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract at 29.2% (162,938 rooms). Upper Upscale followed in rooms Under Contract at 24.6% (136,918 rooms).
The Upscale segment also accounted for the largest portion of rooms In Construction (29.9% with 76,879 rooms), followed by Upper Upscale (25.4% with 65,399 rooms).