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Hotel Growth in the Asia-Pacific Region

Hotel Growth in the Asia-Pacific Region

There are 2,501 hotels with a total of 578,114 rooms Under Contract in the Asia-Pacific region, according to the December 2015 STR Global Pipeline Report. This represents a 7.5% increase in rooms Under Contract compared with December 2014 and a 0.6% year-over-year increase in rooms under construction. The 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 255,224 rooms in 1,021 hotels under construction for the month.

Among the countries in the region, China reported the most rooms under construction with 146,322 rooms in 464 hotels. Two other countries reported more than 20,000 rooms under construction: Indonesia (23,446 rooms in 126 hotels) and India (22,860 rooms in 138 hotels).

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Michael Flood is the Editor of Ireland's leading travel industry publication, Irish Travel Trade News. With more than 35 years experience, he has accumulated an in-depth knowledge of the airline industry and the travel and tourism world.

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