Projects scheduled to start construction in the next 12 months are at 393 Projects/78,881 Rooms, up 21%, while projects in early planning at 396 Projects/72,118 Rooms, up 3% YOY.
The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,760 Projects/362,826 Rooms, up 13% by projects Year-Over-Year (YOY) and establishing a new record peak for this cycle according to analysts at Lodging Econometrics (LE).
There are 971 Projects/211,827 Rooms Under Construction, up 15% by projects YOY. Projects scheduled to start construction in the next 12 months are at 393 Projects/78,881 Rooms, up 21%, while projects in early planning at 396 Projects/72,118 Rooms, up 3% YOY.
The top three countries in the Asia Pacific Construction Pipeline, excluding China, are: Indonesia with 440 Projects/73,892 Rooms, India with 213 Projects/33,649 Rooms and Japan with 201 Projects/42,350 Rooms. Cities with the largest pipelines are: Jakarta with 112 Projects/21,044 Rooms, Seoul with 95 Projects/17,657 Rooms, and Tokyo with 61 Projects/14,485 Rooms.
The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marriott International with 230 Projects/54,568 Rooms, AccorHotels with 223 Projects/46,288 Rooms, and InterContinental Hotels Group (IHG) with 120 Projects/27,298 Rooms. The largest brands in the Pipeline for each of the these companies are: Courtyard by Marriott with 32 Projects/6,591 Rooms, Accor’s Ibis Styles with 49 Projects/9,752 Rooms and IHG’s Holiday Inn with 50 Projects/12,289 Rooms.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
