Tuesday, November 14, 2023

The State of Asia Pacific Hotel Pipeline at End of Q3 2023

  • The report outlines growth in hotel construction in the Asia Pacific region, highlighting leading countries and cities outside China and forecasts for new hotel openings.
  • The Maldives sees significant international tourist numbers from Russia, India, and China, while Thailand explores controversial plans involving Chinese police presence at tourist spots.
  • Various hotel chains including YOTEL, Radisson, Katrina Group, and Sage Hospitality announce new projects, expansions, or management agreements across Asia Pacific regions.

In the recently released Hotel Construction Pipeline Trend Report from Lodging Econometrics, Asia Pacific’s total construction pipeline, excluding China, continued to show steady year-over-year growth to end the third quarter of 2023 at 1,929 projects and 398,199 rooms, up 3% by projects year over year. The LE forecast for new hotel openings will rise in […]