STR Reports May 2014 Asia Pacific Hotel Pipeline

According to the May 2014 STR Global Construction Pipeline Report, the Asia Pacific region reported 2,336 hotels Under Contract comprising 521,017 rooms.

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).