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STR Global: March 2014 Asia Pacific pipeline

April 17, 2014 Statistics & Trends No Comments Email Email

The Asia Pacific hotel development pipeline comprises 2,312 hotels totalling 513,443 rooms, according to the March 2014 STR Global Construction Pipeline Report.

The under contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

Among the countries in the region, Bangladesh reported the largest expected supply growth (+261.1 percent) if all 4,170 rooms under contract open. Six other countries each reported more than 30 percent expected room growth: Mongolia (+77.4 percent with 975 rooms); Myanmar (+67.5 percent with 4,109 rooms); Sri Lanka (+51.0 percent with 5,204 rooms); Bhutan (+46.7 percent with 78 rooms); Indonesia (+35.7 percent with 53,100 rooms); and Philippines (+30.7 percent with 13,078 rooms).

Please note: STR recently revised the pipeline definitions. What was formerly known as the Total Active Pipeline is now referred to as Under Contract. The Pre-Planning phase also has been renamed to the Unconfirmed phase.

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