STR: Asia Pacific hotels expand 4%

LONDON, 17 October 2016: STR’s September 2016 Pipeline Report shows 582,271 rooms in 2,555 projects are under contract in the Asia Pacific region.

The total represents a 4.6% increase in rooms under contract compared with September 2015.

Under contract data includes projects in the in construction, final planning and planning stages, but does not include projects in the unconfirmed stage.

inside no 7The region reported 238,829 rooms in 1,018 projects. In construction for the month, which is a 5.5% decrease in year-over-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 scale 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 those projects in the n construction, final planning and planning stages.

Founded in 1985, STR maintains a presence in 14 countries, worldwide, with a corporate North American headquarters in Hendersonville, Tennessee and an international headquarters in London, England.

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