Asia Pacific Pipeline Continues Moderate Decline with Projects Down 2 Percent YOY
March 27, 2017 10:09am
March 27, 2017 – PORTSMOUTH, NH – According to analysts at Lodging Econometrics (LE), the most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,554 Projects/312,766 Rooms, down 2% by projects Year-Over-Year (YOY).
There are 844 Projects/174,302 Rooms Under Construction, up 3% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 325 Projects/68,923 Rooms, up a strong 27%, while projects in Early Planning at 385 Projects/69,541 Rooms are down by 18%.
The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marriott International with 238 Projects/53,986 Rooms, InterContinental Hotels Group (IHG) with 121 Projects/28,278 Rooms, and Hilton Worldwide with 70 Projects/15,281 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott Hotels with 29 Projects/7,930 Rooms, IHG’s Holiday Inn with 45 Projects/11,676 Rooms and Hilton Hotels with 24 Projects/6,102 Rooms.
The top three countries in the Asia Pacific Construction Pipeline, excluding China, are: Indonesia with 372 Projects/61,832 Rooms, India with 247 Projects/38,386 Rooms and South Korea with 182 Projects/40,339 Rooms. Cities with the largest pipelines are: Seoul with 154 Projects/30,456 Rooms, Jakarta with 112 Projects/20,410 Rooms, Kuala Lumpur with 48 Projects/11,752 Rooms and Tokyo with 48 Projects/10,946 Rooms.
Tags: lodging econometrics,
asia pacific construction pipeline,
construction pipeline trend report
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
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