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
Europe's Construction Pipeline Steady Showing 13 Percent Increase YOY
Canada's Construction Pipeline Is on the Upswing
China Construction Pipeline Remains Steady Despite Total Pipeline Drop of 7 Projects YOY
U.S. Hotel Supply Forecast for 2017 Shows 22 Percent Increase Over Total Number of Openings Last Year
Upper Midscale Category Leads Construction Pipeline with 2,067 Projects/205,662 Rooms Followed by Upscale with 1,246 Projects/161,229 Rooms
Marriott Takes Top Spot for Franchise Companies with Most Rooms in Construction Pipeline Trend Report
New York Has the Most New Hotel Openings Forecasted for 2017 & Marriott Has Largest Construction Pipeline
United States Construction Pipeline Continues Moderate Growth with Hotel Projects Up 13 Percent YOY
Global Construction Pipeline Shows Steady Increase with Projects Up by 6 Percent YOY for 2016
Asia Pacific Pipeline Continues Moderate Decline with Projects Down 2 Percent YOY
New York Boasts Largest Hotel Construction Pipeline in U.S. at Year-End 2016
Moderate Growth Continues in the Hotel Construction Pipeline with Projects Up by 12% YOY
Hotel Construction Pipeline in Latin America is Steady with 892 Projects, Up 3 Percent YOY
Marriott Takes Top Spot Leading Franchise Companies in Global Hotel Construction Pipeline with 2,021 Projects
Dubai Tops List for Largest Construction Pipeline in Middle East with 110 Projects /31,555 Rooms
Global Hotel Construction Pipeline Shows Modest Growth, Up 6 Percent by Projects YOY
Seoul Remains Top City for Hotel Construction Pipeline in Asia Pacific with 159 Projects
Los Angeles Has More Pipeline Rooms in Early Planning Than Any Other Market
Sao Paulo Leads Latin America's Hotel Construction Pipeline with 38 Projects Followed by Campinas, Brazil and Rio de Janeiro
The Middle East's Top Three Cities with Largest Construction Pipelines are Dubai; Riyadh, Saudi Arabia; and Doha, Qatar
Please login or register to post a comment.