STR posts top hotel list at HICAP

SINGAPORE, 25 October 2019: Oyo Hotels & Homes represents the largest hotel supply count in the Asia Pacific region, while Jin Jiang International leads with the highest room count in the development pipeline.

As part of the STR 500, STR released a list of the region’s 100 largest companies at the  Hotel Investment Conference Asia Pacific (HICAP) hosted in Hong Kong, 23 to 25 October.

Public financial filings were used to supplement STR data to compile the list, specifically for companies whose own room counts do not match those of STR, reflecting differences with STR’s traditional hotel property criteria.

Oyo’s Asia Pacific portfolio covers 952,495 rooms. Six additional companies showed more than 200,000 rooms in their existing supply.

Jin Jiang, with 391,088 rooms under contract, was one of four companies with more than 100,000 rooms in the total pipeline. Under contract covers the in construction, final planning and planning phases of the pipeline.

“The Asia Pacific region features some of the world’s largest and most popular hospitality destinations,” said STR’s area director – Asia PacificJesper Palmqvist.

“Much like other parts of the world, the region’s accommodation landscape is evolving, and that is reflected in the rapid growth of companies such as Oyo. Rapid growth in intra-APAC travel, solid performance metrics and growing destination popularity continue to position the Asia Pacific for further development and investment, especially with branded properties, which have grown in presence over the past decade.”

Top 10 (Asia Pacific region)

Source: STR 500