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Asia/Pacific hotel supply development update

Through January, the Asia/Pacific region reported a 31.4% increase in the number of hotel rooms in construction (387,195). China has 204,295 rooms in construction, which equals 8.1% of its existing supply.

US hotel supply development update

The U.S. hotel industry reported a 4.5% year-over-year increase in the number of hotel rooms in construction (195,580), according to STR's January pipeline report. New York City reported 13,986 rooms in construction, which is equivalent to 11.4% of its existing supply.

Europe hotel supply development update

Europe reported 162,372 rooms in construction according to STR's January pipeline report. Germany led the way with 46,498 rooms in construction, or 7.1% of existing supply.

Middle East/Africa hotel supply development update

The Middle East reported a 21% year-over-year increase in the number of rooms in construction (127,115) through January, according to STR pipeline data. Africa, meanwhile, reported a 4.2% increase in rooms in construction (27,124).

STR: Preliminary January data for London hotels

In January, London hotels reported occupancy rose 2.4% to 71.7%, according to preliminary monthly data from STR. ADR increased 3.2% to £131.92 ($170.19) and RevPAR rose 5.7% to £94.60 ($122.04).

STR: Preliminary January data for Sydney hotels

Sydney hotels experienced a 1.3% occupancy dip to 79.5% in January, preliminary monthly data from STR shows. ADR decreased 4.1% to 210.81 Australian dollars ($149.12) while RevPAR dropped 5.3% to AU$167.68 ($118.62). 

STR: Preliminary January data for Dubai hotels

Hotels in Dubai saw occupancy drop 4.9% to 82.2% in January, according to preliminary monthly data from STR. ADR declined 11.4% to 714.01 Emirati dirhams ($194.42) and RevPAR decreased 15.8% to 586.79 dirhams ($159.78).