STR Global: Shanghai hotel boom

The Asia Pacific region reported 2,336 hotels, representing 521,017 rooms, are in planning or construction phases, according to the May 2014 STR Global Construction Pipeline Report.
STR describes on-going hotels projects as “Under Contract.” They are deemed to be under construction or in various planning stages, but it excludes at an 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).
STR Global recently revised its 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.
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.

Sourced: ttrweekly