The WPJ
Vacation Real Estate News
Shanghai Leads Asia Pacific Region for Most New Hotel Rooms Under Construction in February
According to the February 2012 STR Global Construction Pipeline Report, the Asia/Pacific hotel development pipeline comprised of new 1,536 hotels totaling 364,595 rooms.
Among the region's markets, Shanghai, China, ended the month with the most rooms under construction with 10,582. Four other markets reported more than 3,000 rooms under construction: Beijing, China (4,962 rooms); New Delhi, India (4,930 rooms); Bali, Indonesia (4,463 rooms); and Kuala Lumpur, Malaysia (3,402 rooms).
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