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STR Global: Asia Pacific Hotel Pipeline For September 2015

October 17, 2015 Hotel Trends No Comments Email Email

There are 2,393 hotels totalling 556,637 rooms Under Contract in the Asia Pacific region, according to the September 2015 STR Global Construction Pipeline Report. http://www.legrandebaliuluwatu.com/This represents a 4.3% increase in rooms Under Contract compared with September 2014, but a 2.7% 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 252,686 rooms in 1,013 hotels under construction for the month.

Among the countries in the region, China reported the most rooms under construction with 141,656 rooms in 441 hotels. Two other countries reported more than 20,000 rooms under construction: India (24,900 rooms), and Indonesia (24,014 rooms).

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