Asia Pacific Construction Pipeline Excluding China Remains Steady With Projects Up 1% YOY
June 5, 2017 2:47pm
June 7, 2017 – PORTSMOUTH, NH – The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,561 Projects/314,716 Rooms, up 1% by projects Year-Over-Year (YOY) according to analysts at Lodging Econometrics (LE).
There are 834 Projects/172,518 Rooms Under Construction, down 2% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 308 Projects/66,676 Rooms, up 11%, while projects in Early Planning at 419 Projects/75,522 Rooms up by 2 projects.
The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marriott International with 230 Projects/51,852 Rooms, InterContinental Hotels Group (IHG) with 125 Projects/29,135 Rooms, and Hilton Worldwide with 69 Projects/14,669 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott’s Sheraton Hotels with 30 Projects/7,436 Rooms, IHG’s Holiday Inn with 45 Projects/11,676 Rooms and Hilton Hotel & Resorts with 21 Projects/5,411 Rooms.
The top three countries in the Asia Pacific Construction Pipeline, excluding China, are: Indonesia with 397 Projects/65,242 Rooms, India with 227 Projects/35,633 Rooms and South Korea with 174 Projects/36,410 Rooms.
Cities with the largest pipelines are: Seoul with 148 Projects/27,084 Rooms, Jakarta with 112 Projects/20,300 Rooms, Tokyo with 47 Projects/11,908 Rooms and Kuala Lumpur with 45 Projects/10,924 Rooms.
Tags: lodging econometrics,
asia pacific construction pipeline
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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