Seoul Remains Top City for Hotel Construction Pipeline in Asia Pacific with 159 Projects
December 13, 2016 6:24am
December 13, 2016 – PORTSMOUTH, NH
Lodging Econometrics (LE) reports that, excluding China, the top four cities in the Asia Pacific region with the largest hotel construction pipelines by rooms are: Seoul with 159 Projects/31,233 Rooms, Jakarta with 118 Projects/20,885 Rooms, Kuala Lumpur with 47 Projects/11,484 Rooms and Tokyo with 49 Projects/10,941 Rooms. Seoul is the only one of these markets to increase Year-Over-Year with 22 projects added, up 16%.
Excluding China, the leading franchise companies in Asia’s Hotel Construction Pipeline are: Marriott International, after the Starwood merger, with 236 Projects/54,328 Rooms, InterContinental Hotels Group (IHG) with 117 Projects/26,664 Rooms, Best Western with 62 Projects/13,066 Rooms and Hilton Worldwide with 59 Projects/12,495 Rooms.
The leading brand for each of the top three franchise companies in Asia’s Pipeline, excluding China, are: Courtyard by Marriott with 30 Projects/6,438 Rooms, IHG’s Holiday Inn with 43 Projects/10,819, Best Western with 26 Projects/3158 Rooms and Hilton Hotel with 21 Projects/5,088 Rooms.
Tags: hotel 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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