LONDON—The Asia/Pacific hotel development pipeline comprises 1,096 hotels totalling 274,648 rooms, according to the February STR Global Construction Pipeline Report.
“Three of the top five markets in Asia/Pacific with the most rooms under construction are based in China and India”, said Elizabeth Randall, managing director of STR Global. “These countries are expected to continue to attract the most development activities going forward”.
Among the key markets in the region, Shanghai, China, reported the largest number of rooms in the In Construction phase with 9,050 rooms. Other markets to report a significant number of rooms in the In Construction phase include: New Delhi, India (5,804 rooms); Bangkok, Thailand (4,510 rooms); Beijing, China (3,682 rooms); and Kuala Lumpur, Malaysia (2,998 rooms).
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