Friday, May 25, 2018
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

Highest hotel price hikes for adventure-based hotspots

The steep increase in prices paid in Townsville last year follows a 13% fall in 2016, demonstrating growth in the region and the strength of reef tourism. Meanwhile, the Whitsunday Islands recorded the steepest decline in accommodation prices, falling 14% in 2017 after bearing the brunt of Cyclone Debbie.

Record spend welcomed, but hotel share down

This is the most extensive and comprehensive hotel rejuvenation phase in Australia’s tourism history...

Hotel management school comp to design a mobile hotel takes off

Hoping to attract some new talent to the industry, Accorhotels has launched its Take off! competition, pitting hundreds of students from universities and business & hotel management schools from all over the world against each other.

Leave a Reply

Your email address will not be published.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