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
North America, Asia Pacific and EMEA Lead World Regions in Global Hotel Construction Pipeline
Global Hotel Construction Pipeline Up 8% YOY with 12,427 Projects
Shanghai Leads China's Construction Pipeline Followed by Guangzhou, Chengdu and Beijing
Asia Pacific Construction Pipeline Excluding China Up 15% by Projects YOY
Middle East Construction Pipeline Shows Growth with Projects Up 12% YOY
Europe's Hotel Construction Pipeline Up 22% Led by AccorHotels
Latin America’s Construction Pipeline is Stalling, Down 4% by Projects YOY
Projects in Canada's Construction Pipeline are Up 11% YOY
New Openings Growing Steadily as the Cycle Matures
Upper Midscale and Upscale Are the Largest Chain Scales in the U.S. Construction Pipeline Comprising 67%
Marriott, Hilton and IHG Comprise 68% of All Projects in Total U.S. Construction Pipeline
Marriott Has the Largest Construction Pipeline of Any Franchise Company in the U.S.
New York Leads U.S. Markets in Hotel Construction Pipeline Followed by Houston, Dallas, Nashville and Los Angeles
U.S. Hotel Construction Pipeline Shows Moderate Increases Up 4 Percent by Projects and Rooms YOY
The Americas Is the Top World Region and Market in the Global Construction Pipeline
Global Hotel Construction Pipeline Growing with Projects up 8% YOY
Hotel Construction Pipeline in the Middle East Is Growing with Projects Up 13% YOY
The Europe Hotel Construction Pipeline Is up 25% With 1,186 Projects in the Total Pipeline
Latin America's Construction Pipeline Is Stalling
China's Construction Pipeline Remains Strong Up 7% YOY with Shanghai Leading the Way
Please login or register to post a comment.