The number of new hotel rooms under construction across the Asia Pacific region at the start of 2017 is significantly higher than it was at the beginning of last year, new data has revealed.
According to STR’s latest monthly pipeline report, there were 270,803 rooms in 1,176 hotel projects under development in the region in January 2017, which marks a 6.2% year-on-year increase in terms of rooms.
The markets with the largest number of rooms under construction are Shanghai (9,529 rooms in 42 projects), Jakarta (7,240 rooms in 29 projects), Chengdu (5,928 rooms in 27 projects) and Bali (5,474 rooms in 31 projects).
Including projects still in the planning phases, there are now 598,952 rooms in 2,670 projects in the pipeline across Asia Pacific, up 2.2% compared to 12 months ago.
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