The most recent Asia Pacific construction pipeline report from Lodging Econometrics shows that the total pipeline excluding China has grown by 10 percent year-over-year (YOY), reaching 1,688 projects/342,670 rooms.
The number of projects under construction in the pipeline is up 3 percent YOY to 894 projects/190,392 rooms. The number of projects scheduled to start construction in the next 12 months is up 29 percent YOY (368 projects/74,981 rooms), while the number of projects in early planning stages is up 9 percent YOY (426 projects/77,297 rooms).
The top hotel companies in the Asia Pacific construction pipeline, excluding China, are AccorHotels with 245 projects/52,487 rooms, Marriott International with 239 projects/55,113 rooms, and InterContinental Hotels Group (IHG) with 125 projects/29,042 rooms. The largest brand in the pipeline for each of the these companies is Accor’s Ibis Styles with 56 projects/11,943 rooms, Courtyard by Marriott with 30 projects/6,209 rooms, and IHG’s Holiday Inn with 50 projects/13,249 rooms.
The top three countries with the most hotels in the pipeline, excluding China, are Indonesia with 407 projects/70,241 rooms, India with 239 projects/37,927 rooms, and South Korea with 160 projects/33,553 rooms. Cities with the largest pipelines are Seoul, South Korea, with 137 projects/25,784 rooms, Jakarta, Indonesia, with 104 projects/20,266 rooms, and Tokyo, Japan, with 51 projects/12,814 rooms.