Hotel Construction Pipeline in the Asia Pacific Region Declines with Projects Down 6% YOY
September 13, 2016 10:32am
September 13, 2016 – PORTSMOUTH, NH – According to the recent Asia Pacific Construction Pipeline Trend Report from Lodging Econometrics (LE), excluding China, the region has 1,539 Projects/308,792 Rooms, down 6% by projects and 4% by rooms Year-Over-Year (YOY).
For hotels currently Under Construction, excluding China, the Asia Pacific Pipeline has 864 Projects/179,056 Rooms, down 4% by projects and 3% by rooms YOY. There are 285 Projects/60,349 Rooms Scheduled to Start Construction in the Next 12 Months, down 4% by projects and 11% by rooms. Projects in Early Planning, 390 Projects/69,387 Rooms, are down 11% by projects and 16% by rooms.
Tags: lodging econometrics,
asia pacific construction pipeline,
asia pacific pipeline
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.
Contact: Emily Lloyd
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