TravelNewsAsia.com
Wed, 14 Aug 2019

Asia Pacific Hotel Construction Up 27% in July 2019

STRís hotel pipeline data for the Asia Pacific region shows 2,109 projects accounting for 470,650 rooms in construction as of July 2019.

This represents a 27.0% year-on-year increase in the number of rooms in the final phase of the development pipeline.

A majority of the regionís 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.

New hotel wing under construction in Nonthaburi, Thailand. Picture by Steven Howard of TravelNewsAsia.com Click to enlarge.

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 countryís 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%)

See also: How's Business at the Hyatt Regency Bangkok Sukhumvit? Interview with Sammy Carolus, GM, Airline Distribution and NDC - Interview with Jörg Troester, Head of Corporate Strategy, Industry and Government Affairs at Hahn Air, Norwegian Cruise Line - Exclusive Interview with Felix Chan, Vice President Asia and Exclusive Interview with CEO of Vistara TATA SIA Airlines, Mr. Leslie Thng.

See latest HD Video Interviews, Podcasts and other news regarding: STR, Pipeline.

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