Spread the love

STR’s hotel pipeline data for the Asia Pacific region showed 2,109 projects accounting for 470,650 rooms in construction as of July 2019. This represented a 27.0% year-over-year increase in the number of rooms in the final phase of the development pipeline.

A majority of the region’s rooms in construction are in three segments. Of those three, upper midscale projects represented the largest percentage increase (+41.9%) in activity year over year.

1.    Upscale: 123,692 rooms (+23.2%)
2.    Upper Midscale: 112,400 rooms (+47.6%)
3.    Upper Upscale: 102,043 rooms (+14.1%)

Five countries reported more than 20,000 rooms under construction. China led with 244,233 rooms, which represented 9.4% of the country’s existing supply, followed by Japan (43,012 rooms, 6.3% of existing supply).

1.    China: 244,233 rooms (9.4%)
2.    Japan: 43,012 rooms (6.3%)
3.    Vietnam: 29,625 rooms (29.4%)
4.    Indonesia: 26,694 rooms (7.3%)
5.    India: 24,801 rooms (8.4%)