Wed, 15 May 2019

423,343 Hotel Rooms Under Construction in Asia Pacific

According to the latest data from STR, there were 1,892 hotel projects in Asia Pacific's hotel pipeline in April 2019, accounting for 423,343 rooms under construction.

This represents a 23.3% year-on-year increase in the number of rooms in the final phase of the development pipeline.

New wing of a hotel being built on the outskirts of Bangkok, Thailand. Picture taken in May 2019 by Steven Howard of Click to enlarge.

A majority of the regionís hotel rooms under construction are in three segments. Of those three, upper midscale projects represented the largest percentage increase (+41.9%) in activity year-on-year.

1. Upscale: 109,689 rooms (+12.3%)
2. Upper Midscale: 99,013 rooms (+41.9%)
3. Upper Upscale: 95,915 rooms (+17.6%)

Five countries reported more than 20,000 rooms under construction. China led with 225,170 rooms, or 8.8% of the countryís existing supply, followed by Japan with 39,864 hotel rooms, or 6.1% of existing supply.

1. China: 225,170 rooms (8.8%)
2. Japan: 39,864 rooms (6.1%)
3. Indonesia: 26,431 rooms (7.3%)
4. Vietnam: 24,831 rooms (25.6%)
5. India: 21,068 rooms (7.4%)

See also:  Exclusive Interview with CEO of Vistara TATA SIA Airlines, Mr. Leslie Thng.

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

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