STR’s November 2016 Pipeline Report shows 594,933 rooms in 2,659 projects Under Contract in the Asia Pacific region. The total represents a 5.7% increase in rooms Under Contract compared with November 2015.
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 254,471 rooms in 1,099 projects In Construction for the month. Based on number of rooms, that is a 0.8% decrease in year-over-year comparisons.
Among the countries in the region, China reported the most rooms In Construction with 136,451 rooms in 510 hotels. Two other countries each reported more than 20,000 rooms In Construction: India (24,646 rooms in 154 hotels) and Indonesia (23,440 rooms in 120 hotels).
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