There are 2,398 hotels totalling 543,378 rooms Under Contract in the Asia Pacific region, according to the February 2015 STR Global Construction Pipeline Report.
Hotels in the Asia Pacific region experienced mixed results year-over-year in the three key performance metrics during January 2015 when reported in U.S. dollars, according to data compiled by STR Global.
Wyndham Hotel Group last week announced the continued rapid expansion of its Ramada brand in the South Pacific with the signing of a franchise agreement for the waterfront 80-room Ramada Resort Akiriki in Vanuatus capital, Port Vila, on the island of Efate.
Hilton Worldwide today announced the signing of a management agreement with Tokyo Humania Enterprise Inc. to re-brand Hotel Nikko Tokyo and manage the hotel as Hilton Tokyo Odaiba. On October 1, 2015, the property will be converted and unveiled as a new Hilton hotel, joining Hilton Worldwides existing portfolio of 11 operating and pipeline hotels in Japan.
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