PORTSMOUTH, N.H.—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 percent by projects year-over-year (YOY).
There are 844 projects/174,302 rooms under construction, up 3 percent by projects YOY. Projects Scheduled to Start Construction in the next 12 months are at 325 projects/68,923 rooms, up a strong 27 percent, while projects in early planning at 385 projects/69,541 rooms are down by 18 percent.
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.
