STR’s August 2017 Pipeline Report shows 622,666 rooms in 2,818 hotel projects Under Contract in the Asia Pacific region. The total represents a 6.6% increase in rooms Under Contract compared with August 2016.
Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
The Asia Pacific region reported 284,542 rooms in 1,239 projects In Construction for the month. Based on number of rooms, that is a 16.4% increase in year-over-year comparisons.
Six countries in the region reported more than 10,000 rooms In Construction:
- China (164,538 rooms in 649 projects)
- Indonesia (21,925 rooms in 116 projects)
- India (20,149 rooms in 121 projects)
- Vietnam (11,556 rooms in 44 projects)
- Malaysia (11,107 rooms in 47 projects)
- Australia (10,486 rooms in 61 projects)
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
Logos, product and company names mentioned are the property of their respective owners.