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STR Global: Asia Pacific hotel pipeline for April 2015

The region reported 252,317 rooms in 1,021 hotels under construction for the month.

There are 2,403 hotels totalling 553,895 rooms Under Contract in the Asia Pacific region, according to the April 2015 STR Global Construction Pipeline Report. This represents a 7.3-percent increase in rooms Under Contract compared with April 2014, and a 1.7-percent year-over-year decrease 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 252,317 rooms in 1,021 hotels under construction for the month.
 
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract, 29.8 percent with 165,102 rooms. Two other segments each made up more than 15.0 percent of rooms Under Contract: Upper Upscale (24.9 percent with 137,926 rooms) and Luxury (15.3 percent with 84,703 rooms).
 
The Upscale segment accounted for the largest portion of rooms In Construction (30.1 percent with 75,971 rooms), followed by the Upper Upscale segment (26.9 percent with 67,826 rooms).
 
Asia Pacific pipeline by Chain Scale for April 2015 (number of rooms)

Chain Scale

Existing Supply (as of April 2015)

In Construction

Under Contract*

Luxury

190,349

43,430

84,703

Upper Upscale

295,361

67,826

137,926

Upscale

381,752

75,971

165,102

Upper Midscale

259,504

18,006

61,027

Midscale

238,168

8,564

31,204

Economy

626,588

4,535

10,875

Unaffiliated

1,914,591

33,985

63,058

Total

3,906,313

252,317

553,895

* Includes those projects in the In Construction, Final Planning and Planning stages
 
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