21,068 rooms in India are under construction, 7.4% growth on existing supply: STR

The pipeline data for the Asia Pacific region by STR- a provider of premium data benchmarking, analytics and marketplace insights for global hospitality sector, showed 1,892 hotel projects accounting for 423,343 rooms in construction as of April 2019. This represented a 23.3% year-over-year increase in the number of rooms in the final phase of the development pipeline. Five countries reported more than 20,000 rooms under construction including India- 21,068 rooms (7.4%) .

error: Content is protected !!