While supply growth remains muted for much of the Western hotel industry, the Asia-Pacific region has reached all-time highs in hotel development. Speaking on the latest episode of the CoStar News Hotels podcast, STR's regional vice president in the Asia-Pacific region Jesper Palmqvist said the numbers are somewhat misleading, though. "Technically it's an all-time high — almost 2,500 projects around, [but] India is about a third of that," he said.