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Published on : Tuesday, July 18, 2017
STR’s June 2017 Pipeline Report shows 612,210 rooms in 2,767 hotel projects Under Contract in the Asia Pacific region. The total represents a 6.2% increase in rooms Under Contract compared with June 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 270,976 rooms in 1,183 projects In Construction for the month. Based on number of rooms, that is an 8.5% increase in year-over-year comparisons.
Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (25.9% with 158,312 rooms) and In Construction (25.6% with 69,246 rooms). Upper Upscale (25.5% with 69,068 rooms) was the only other segment to represent 20.0% or more of rooms In Construction.