Asia Pacific Hotel Development Pipeline Under Construction Up 27% in July

A photo of a construction site taken from a higher building - Photo by Saad Salim on Unsplash
Asia Pacific Hotel Development Pipeline Under Construction Up 27% in July

The Asia/Pacific region reported 470,650 hotel rooms in construction as of July 2019, which is a 27% year-over-year increase.

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%)

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.