STR: Asia/Pacific hotel pipeline for November 2016
 
STR: Asia/Pacific hotel pipeline for November 2016
16 DECEMBER 2016 8:00 AM

STR's pipeline report for the Asia/Pacific region shows 594,933 rooms in 2,659 projects under contract in November 2016, which is a 5.7% increase in year-over-year comparisons.


LONDON—STR’s November 2016 Pipeline Report shows 594,933 rooms in 2,659 projects Under Contract in the Asia/Pacific region. The total represents a 5.7% increase in rooms Under Contract compared with November 2015.

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 254,471 rooms in 1,099 projects In Construction for the month. Based on number of rooms, that is a 0.8% decrease in year-over-year comparisons.

Among the countries in the region, China reported the most rooms In Construction with 136,451 rooms in 510 hotels. Two other countries each reported more than 20,000 rooms In Construction: India (24,646 rooms in 154 hotels) and Indonesia (23,440 rooms in 120 hotels).

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.