Robust pipeline of new hotel rooms in Asia Pacific
Friday, 19 December 2014 12:06
According to the November 2014 STR Global Construction Pipeline Report, the Asia Pacific region reported 2,433 hotels comprising 545,630 rooms Under Contract.
Among the countries in the region, China, reported the most rooms under construction with 147,991 rooms.
Five other countries reported more than 6,000 rooms under construction: India (29,013 rooms); Indonesia (28,806 rooms); Malaysia (12,124 rooms); Japan (8,138 rooms); and Philippines (7,459 rooms).
The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.