India’s hotel construction up by 8% in October; 24,892 rooms under construction: STR

STR’s hotel pipeline data for the Asia Pacific region showed 2,039 projects accounting for 450,231 rooms in construction as of October 2019. This represented a 20.7% 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 where 24,892 rooms are under construction showing a growth of 8.3% over last year.