The Asia Pacific region reported 2,336 hotels Under Contract comprising 521,017 rooms, according to the May 2014 STR Global Construction Pipeline Report. The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
Shanghai, China, reported the largest number of rooms under construction with 9,028 rooms in 37 hotels. Five other markets also reported more than 5,000 rooms under construction: Manila, Philippines (6,456 rooms in 21 hotels); Jakarta, Indonesia (6,152 rooms in 26 hotels); Chengdu, China (5,869 rooms in 22 hotels); Bali, Indonesia (5,798 rooms in 42 hotels); and Delhi-NCR, India (5,297 rooms in 28 hotels).
Please note: STR Global recently revised the pipeline definitions. What was formerly known as the Total Active Pipeline is now referred to as Under Contract. The Pre-Planning phase also has been renamed to the Unconfirmed phase.
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STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and Hotel News Now.