STR: Asia/Pacific hotel pipeline for April 2017
 
STR: Asia/Pacific hotel pipeline for April 2017
16 MAY 2017 7:28 AM

The Asia/Pacific region reported 270,115 rooms in 1,185 hotel projects in construction in April, according to STR's pipeline report. The total number of rooms under construction represents a 6.5% year-over-year increase.

LONDON—STR’s April 2017 Pipeline Report shows 608,581 rooms in 2,753 hotel projects Under Contract in the Asia Pacific region. The total represents a 3.8% increase in rooms Under Contract compared with April 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 270,115 rooms in 1,185 projects In Construction for the month. Based on number of rooms, that is a 6.5% increase in year-over-year comparisons.

Four key markets in the region reported more than 5,000 rooms In Construction:

  • Shanghai, China (10,325 rooms in 42 projects)
  • Jakarta, Indonesia (5,552 rooms in 23 projects)
  • Bali, Indonesia (5,225 rooms in 29 projects)
  • Chengdu, China (5,082 rooms in 21 projects)

International Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.