LONDON, 20 November 2019: Hotels in the construction pipeline increased by 20.7% in the Asia Pacific region to reach 2,039 projects, according to STR data up to the end of October.
Vietnam and Indonesia are the two standout destinations in Southeast Asia, both listed among the top five countries for hotels in the construction pipeline.
The projects represent 450,231 rooms in construction and a 20.7% year-over-year increase in the number of rooms in the final phase of the development pipeline.
The majority of the region’s rooms in construction are in three segments. Of the three, upper midscale projects represented the largest percentage increase (+33.3%) in activity year over year.
STR data showed in the upscale segment has 115,636 rooms (+15.2%) in construction followed by the upper-midscale with 107,795 rooms (+33.3%) and upper-upscale with 98,523 rooms (+12.7%)
Five countries reported more than 20,000 rooms under construction. China led with 232,901 rooms, which represented 8.8% of the country’s existing supply, followed by Japan (36,532 rooms, 5.3% of existing supply).
Top five countries for hotel expansion
China: 232,901 rooms (8.8%)
Japan: 36,532 rooms (5.3%)
Vietnam: 29,774 rooms (28.3%)
India: 24,892 rooms (8.3%)
Indonesia: 24,397 rooms (6.6%)
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors.
Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore.
