The Asia Pacific hotel pipeline reached 2,365 hotels comprising 533,555 rooms in September 2014, with strong growth scheduled in emerging markets.
The Under Contract data released by STR Global includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
Looking at the country breakdown, we see that Bangladesh’s hotel pipeline with 4,271 rooms under contract, marking a 254.1% increase room supply if contracts some to fruition.
Five other Asia countries reported planned room supply growth in excess of 30%. They include Myanmar at 89.7% with 5,682 rooms, Mongolia at 75.6% with 952 rooms, Sri Lanka 47.5% with 5,201 rooms, Philippines 31.9% with 14,285 rooms, and Indonesia 31.1% with 60,666 rooms.
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