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HVS Asia Pacific Hospitality Newsletter - Week Ending 6 December 2019

Wyndham Destinations Asia Pacific Acquires Peppers Airlie Beach in Whitsunday Coast, Australia, Royal Caribbean Seals Fly-cruise Partnership with Singapore Tourism Board and Changi Airport, South Kalimantan Announces New Infrastructure Developments, Nepal Developing a New Airport to Promote Tourism, Chinese Star-Rated Hotels Report Average Occupancy Rate of 53.

China’s Hotel Construction Pipeline Has Grown to Record High

Analysts at Lodging Econometrics (LE) report that at the end of the third quarter of 2019, China's total construction pipeline has grown to 3,380 projects/628,972 rooms. Currently, the country has 2,548 projects with 438,797 rooms under construction with projects scheduled to start construction in the next 12 months at 404 projects with 85,026 rooms.