STR: Asia/Pacific hotel pipeline for February 2017
 
STR: Asia/Pacific hotel pipeline for February 2017
15 MARCH 2017 8:42 AM

During February 2017, the Asia/Pacific region reported 576,109 rooms in 2,572 hotel projects under contract, which is a 3.2% year-over-year decrease.

LONDON—STR’s February 2017 Pipeline Report shows 576,109 rooms in 2,572 hotel projects Under Contract in the Asia Pacific region. The total represents a 3.2% decrease in rooms Under Contract compared with February 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 region reported 264,519 rooms in 1,147 projects In Construction for the month. Based on number of rooms, that is a 1.5% increase in year-over-year comparisons.

Three of the region’s countries each reported more than 20,000 rooms In Construction:

  • China (137,641 rooms in 512 projects)
  • Indonesia (25,775 rooms in 135 projects)
  • India (22,314 rooms in 145 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.