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Asia Pacific construction pipeline for March increases y-o-y by 4%.
Friday, 14th April 2017
Source : STR

According to STR’s March 2017 Pipeline Report there are 583,054 rooms in 2,611 hotel projects Under Contract in the Asia Pacific region.

The total represents a 1.6% decrease in rooms Under Contract compared with March 2016.

The region reported 267,986 rooms in 1,169 projects under Construction for the month. Based on number of rooms, that is a 4.1% increase year-on-year.

Construction underway on a high rise building in Singapore (2017)

Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (26.0% with 151,561 rooms) and In Construction (26.7% with 71,631 rooms).

The Upper Upscale segment was the only other segment to account for 20.0% or more rooms In Construction (24.8% with 66,360 rooms).

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

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