Categories
Old Content Travel & Leisure

China leads hotel pipeline

According to the March 2010 STR Global Construction Pipeline Report, the Asia/Pacific hotel development pipeline includes 976 hotels comprising 248,156 rooms.

According to the March 2010 STR Global Construction Pipeline Report, the Asia/Pacific hotel development pipeline includes 976 hotels comprising 248,156 rooms. 
 
Among thoses countries, China reported the largest number of rooms in the total active pipeline with 131,175. The country also reported the most rooms in the In Construction phase (93,300 rooms). 
 
Shanghai ended the month with 14,378 rooms in the total active pipeline, the most rooms among the key markets. Beijing reported 5,775 rooms.
 
HotelsNow reported that Beijing, China, experienced the largest occupancy increase, rising 33.8% to 67.1%, while Shanghai rose 24.8% to 60.4%.
 

Leave a Reply

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading