Asia Pacific hotel development pipeline increases 6.7%
There are 2,363 hotels totalling 554,532 rooms Under Contract in the Asia Pacific region, according to the June 2015 STR Global Construction Pipeline Report.
Among the countries in the region, China reported the most rooms under construction with 145,167 in 452 hotels.
This represents a 6.7-per cent increase in rooms Under Contract compared with June 2014, and a 0.6-per cent year-over-year increase 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 260,215 rooms in 1,031 hotels under construction for the month.
Among the countries in the region, China reported the most rooms under construction with 145,167 in 452 hotels. Three other countries reported more than 10,000 rooms under construction: Indonesia (27,243 rooms in 148 hotels); India (26,159 rooms in 158 hotels); and Malaysia (10,806 rooms in 39 hotels).
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