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Asia Pacific Hotel Development Pipeline For October 2014 Increases to 2,465 Hotels

The Asia Pacific region reported 2,465 hotels comprising 548,005 rooms Under Contract, according to the October 2014 STR Global Construction Pipeline Report.


The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. Among the markets in the region, Shanghai, China, reported the most rooms under construction with 6,969 rooms. Four other markets reported more than 6,000 rooms under construction: Manila, Philippines (6,803 rooms); Jakarta, Indonesia (6,485 rooms); Chengdu, China (6,159 rooms); and Bali, Indonesia (6,097 rooms).

About STR Global STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and Hotel News Now. For more information, please visit www.strglobal.com.