Asia Pacific’s total construction pipeline of hotels is on the rise, making it the first region in the world that has begun to show signs of recovery from Covid-19.
Excluding China, the construction pipeline expanded to 1905 projects and 404,903 rooms, up 6 per cent and 5 per cent respectively, year-over-year, according to analysts at Lodging Econometrics.
The region currently has 977 projects under construction with 222,497 rooms. There are 409 projects with 79,610 rooms scheduled to start construction in the next 12 months, and a record-high 519 projects/102,796 rooms in the early planning stage. In addition, during the first quarter of 2020, the Asia Pacific region excluding China saw 83 new hotels accounting for 15,263 rooms open.
China’s total construction pipeline continues to expand to an all-time high of 3,533 projects/645,764 rooms, up 24 per cent by projects and 9 per cent by rooms year-over-year.
Countries with the largest pipelines in Asia Pacific, excluding China, are led by Indonesia, followed by India and Japan. These three countries account for 45 per cent of the projects in the Asia Pacific total pipeline, excluding China. Australia follows with 188 projects and 35,216 rooms.
The top four franchise companies in the region (Marriott International, Accor, IHG and Hilton) accounted for 40 per cent of all projects and rooms in the pipeline.