The region reported 264,519 rooms in 1,147 projects In Construction for the month. Based on number of rooms, that is a 1.5% increase in year-over-year comparisons.
LONDON — STR‘s February 2017 Pipeline Reportshows 576,109 rooms in 2,572 hotel projects Under Contract in the Asia Pacific region. The total represents a 3.2% decrease in rooms Under Contract compared with February 2016.
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 264,519 rooms in 1,147 projects In Construction for the month. Based on number of rooms, that is a 1.5% increase in year-over-year comparisons.
Three of the region’s countries each reported more than 20,000 rooms In Construction:
- China (137,641 rooms in 512 projects)
- Indonesia (25,775 rooms in 135 projects)
- India (22,314 rooms in 145 projects)
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
