Asia Pacific Construction Pipeline Excluding China Up 15% by Projects YOY
PORTSMOUTH, NH -- The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,798 Projects/364,579 Rooms, up 15% by projects Year-Over-Year (YOY) according to analysts at Lodging Econometrics (LE).
The top three countries in the Asia Pacific Construction Pipeline, excluding China, are: Indonesia with 446 Projects/77,049 Rooms, India with 230 Projects/36,329 Rooms and Japan with 206 Projects/40,509 Rooms. Cities with the largest pipelines are: Seoul, South Korea with 126 Projects/22,199 Rooms, Jakarta, Indonesia with 114 Projects/21,678 Rooms and Tokyo, Japan with 64 Projects/15,181 Rooms.
The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: AccorHotels with 251 Projects/53,343 Rooms, Marriott International with 246 Projects/56,626 Rooms, and InterContinental Hotels Group (IHG) with 118 Projects/27,621 Rooms. The largest brand in the Pipeline for each of these companies are: Accor's Ibis Styles with 55 Projects/11,255 Rooms, Courtyard by Marriott with 33 Projects/6,916 Rooms and IHG's Holiday Inn with 49 Projects/12,696 Rooms.
About Lodging Econometrics (LE)
Lodging Econometrics is the leading provider of global hotel intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable business development programs for hotel franchise companies looking to accelerate their brand growth, hotel ownership and management companies seeking to expand their real estate portfolios, and lodging industry vendors wanting to increase their sales. LE's programs turn a client's business goals into opportunities that advances their competitive advantage.