STR: Asia Pacific hotel pipeline for August 2016
LONDON -- STR's August 2016 Pipeline Report shows 584,015 rooms in 2,538 projects Under Contract in the Asia Pacific region. The total represents a 5.4% increase in rooms Under Contract compared with August 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 244,554 rooms in 1,019 projects In Construction for the month, which is a 4.4% decrease in year-over-year comparisons.
Among the countries in the region, China reported the most rooms In Construction with 131,135 rooms in 460 hotels. Two other countries reported more than 20,000 rooms under construction: India (23,563 rooms in 145 hotels) and Indonesia (22,169 rooms in 108 hotels).
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STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.