Asia Pac hotel development pipeline up 6.7 percent

The number of hotels under contract across Asia Pacific rose to 2,363, totalling some 554,532 rooms, according to the June 2015 STR Global Construction Pipeline Report.

There were 1,031 hotels under construction in June, with more than 260,000 rooms. Predictably, Mainland China accounted for much of the new supply with some 145,167 upcoming rooms across 452 hotels. 

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.