Saturday, December 16, 2017

Asia Pacific hotel pipeline for October 2016

STR’s October 2016 Pipeline Report shows 595,213 rooms in 2,654 projects Under Contract in the Asia Pacific region. The total represents a 5.4% increase in rooms Under Contract compared with October 2015.

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 252,195 rooms in 1,089 projects In Construction for the month, which is a 2.0% decrease in year-over-year comparisons.

Among the region’s key markets, Shanghai, China, reported the largest number of rooms In Construction with 8,762 rooms in 37 hotels. Three additional markets each reported more than 5,000 rooms In Construction: Chengdu, China (7,285 rooms in 28 hotels); Jakarta, Indonesia (6,978 rooms in 27 hotels); and Bali, Indonesia (5,697 rooms in 32 hotels).

Leave a Reply

Your email address will not be published.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

Check Also

Offering an exotic taste of the ‘Dreamtime’

Business Events Sunshine Coast is looking towards the Indian market for major growth as a result of hosting a group of Indian buyers following this year’s Dreamtime event held in Brisbane...

AVANI Broadbeach Gold Coast Residences opens

AVANI Broadbeach Gold Coast Residences have opened, occupying a beachside address on Surf Parade and connecting guests with local attractions.

Crown Towers Perth celebrates one year

In its first year alone the hotel has popped over 31,000 bottles of Champagne and shucked almost 46,000 oysters – and has aimed to set a benchmark in luxury accommodation not only in WA but in Australia