STR: Asia Pacific hotel pipeline for September 2016

14 Oct 2016 2072 | World Travel News

LONDON — STR’s September 2016 Pipeline Report shows 582,271 rooms in 2,555 projects Under Contract in the Asia Pacific region. The total represents a 4.6% increase in rooms Under Contract compared with September 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 238,829 rooms in 1,018 projects In Construction for the month, which is a 5.5% decrease in year-over-year comparisons.

Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (26.1% with 152,039 rooms) and In Construction (27.0% with 64,536 rooms).

The Upper Upscale segment was the only other segment to account for 20.0% or more rooms Under Contract (25.4% with 147,788 rooms) or In Construction (25.3% with 60,511 rooms).

Asia Pacific pipeline by Chain Scale (number of rooms):

Chain Scale	Existing Supply	In Construction	Under Contract
Luxury	197,738	40,770	84,359
Upper Upscale	327,874	60,511	147,788
Upscale	401,940	64,536	152,039
Upper Midscale	327,127	28,938	99,546
Midscale	269,394	10,729	35,483
Economy	677,295	2,463	5,071
Unaffiliated	2,042,612	30,882	57,985
Total	4,243,980	238,829	582,271