Asia Pacific Hotel Development Pipeline Increases 6.2% YOY in March 2015
There are 2,384 hotels totalling 545,056 rooms Under Contract in the Asia Pacific region, according to the March 2015 STR Global Construction Pipeline Report.
There are 3,566 projects totaling 433,589 rooms Under Contract in the United States, according to the March 2015 STR Pipeline Report. This represents a 13.7-percent increase in the number of rooms Under Contract compared with March 2014 and a 22.7-percent increase in rooms under construction.
A key target market of Chinese capital, the Australian hotel investment market witnessed transaction volumes rise 86% in 2014 to total a record US$2.2 billion, according to JLL's latest Asia Pacific Hotel Investment Highlights report.