ETW Staff – Mumbai
There are 587,339 hotel rooms in 2,538 projects under contract in the Asia Pacific region, as revealed by STR’s May 2016 Pipeline Report. The total represents a 5.5 per cent increase in rooms under contract compared with May 2015 and a 2.5 per cent year-on-year increase in rooms under construction. The region reported 260,709 rooms in 1,045 projects under construction for the month.
Among the countries in the region, China reported the most rooms under construction, with 146,590 rooms in 485 hotels. Indonesia and India reported more than 20,000 rooms under construction – 22,918 rooms in 110 hotels, and 22,037 rooms in 138 hotels respectively.
Under contract data includes projects in the under construction, final planning and planning stages, but does not include projects in the unconfirmed stage.