Asia Pacific Hotel Development Pipeline Under Contract Up 7.4 Percent YOY for September
STR’s September 2017 Pipeline Report shows 625,359 rooms in 2,842 hotel projects Under Contract in the Asia Pacific region. The total represents a 7.4% increase in rooms Under Contract compared with September 2016.
Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
The Asia Pacific region reported 288,850 rooms in 1,241 projects In Construction for the month. Based on number of rooms, that is a 20.9% increase in year-over-year comparisons.
Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (26.5% with 165,532 rooms) and In Construction (26.4% with 76,223 rooms).
Asia Pacific pipeline by Chain Scale segment (number of rooms % change, September 2017 vs. September 2016):
|Chain Scale||In Construction||% Change||Under Contract||% Change|
Source: STR / report as of September 2017, activity reported through August 2016
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
Logos, product and company names mentioned are the property of their respective owners.