Asia Pacific Construction Pipeline Excluding China Up 15% by Projects YOY
December 6, 2017 1:18pm
December 6, 2017 – PORTSMOUTH, NH
The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,798 Projects/364,579 Rooms, up 15% by projects Year-Over-Year (YOY) according to analysts at Lodging Econometrics (LE).
There are 966 Projects/207,100 Rooms Under Construction, up 11% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 380 Projects/76,977 Rooms, up 15%, while projects in Early Planning at 452 Projects/80,502 Rooms, up 25% YOY.
The top three countries in the Asia Pacific Construction Pipeline, excluding China, are: Indonesia with 446 Projects/77,049 Rooms, India with 230 Projects/36,329 Rooms and Japan with 206 Projects/40,509 Rooms. Cities with the largest pipelines are: Seoul, South Korea with 126 Projects/22,199 Rooms, Jakarta, Indonesia with 114 Projects/21,678 Rooms and Tokyo, Japan with 64 Projects/15,181 Rooms.
The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: AccorHotels with 251 Projects/53,343 Rooms, Marriott International with 246 Projects/56,626 Rooms, and InterContinental Hotels Group (IHG) with 118 Projects/27,621 Rooms. The largest brand in the Pipeline for each of these companies are: Accor’s Ibis Styles with 55 Projects/11,255 Rooms, Courtyard by Marriott with 33 Projects/6,916 Rooms and IHG’s Holiday Inn with 49 Projects/12,696 Rooms.
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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.
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