Saturday, June 24, 2017
Samsung Website Header Banner
Hirum Next Gen Website Title 728×90
STR

Asia Pacific hotel pipeline for March 2016

STR’s March 2016 Pipeline Report shows 592,299 rooms in 2,558 projects under contract in the Asia Pacific region. The total represents an 8.7% increase in rooms under contract compared with March 2015 and a 1.6% year-over-year increase in rooms in construction.

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 257,357 rooms in 1,022 projects In construction for the month.

Among Chain Scale segments, the upscale segment accounted for the largest portion of rooms under contract (27.0% with 160,063 rooms) and in construction (26.6% with 68,582 rooms).

The upper upscale segment was the only other segment to account for 20.0% or more rooms under contract (23.9% with 141,367 rooms) or in construction (22.5% with 57,855 rooms).

str table

About Rosie Clarke

Rosie Clarke
Rosie Clarke is the editor of Resort News and Accom Management Guide as well at their digital home, accomnews. You can reach her at any time with questions or submissions.

Check Also

Mantra Group raises $13,000 for Luke Batty Foundation

Mantra Group’s North Queensland Region took to the pitch on Saturday June 17 to raise $13,000 for the Luke Batty Foundation, the group’s official charity partner, at their annual cricket day fundraiser.  

Are awards rewarding for hotels?

With a number of awards to be presented to Australian hotels and resorts over the coming months, AccomNews spoke exclusively with Tourism Accommodation Australia (TAA) about the importance of awards to a hotel’s reputation, as well as to their development and success.

How well does Airbnb manage guest reviews?

Every hotelier knows how important online reviews are, and how damaging they can be if they’re unfavourable.

Leave a Reply

Your email address will not be published. Required fields are marked *