Over half a million hotel rooms under contract in Asia Pacific

According to STR’s September 2016 Pipeline Report, there are 582,271 hotel rooms in 2,555 projects Under Contract in the Asia Pacific region.

The total represents a 4.6% increase in rooms Under Contract compared with September 2015.

The region reported 238,829 rooms in 1,018 projects In Construction for the month, which is a 5.5% decrease in year-on-year comparisons.

Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (26.1% with 152,039 rooms) and In Construction (27.0% with 64,536 rooms).

The Upper Upscale segment was the only other segment to account for 20.0% or more rooms Under Contract (25.4% with 147,788 rooms) or In Construction (25.3% with 60,511 rooms).

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.