The Asia Pacific pipeline, excluding China, ended 1Q21 at 1,759 projects/371,856 rooms, down 8% by both projects and rooms year-over-year (YOY), according to Lodging Econometrics.
During the first quarter, 52 new hotels/10,675 rooms opened across the region. LE is forecasting a total of 308 projects/64,595 rooms to open by year-end and estimates 358 projects/65,997 rooms to open in 2022.
At the end of Q1‘21, the Asia Pacific region, excluding China, has 869 projects/195,318 rooms under construction. Projects in the scheduled to start construction in the next 12 months phase of the pipeline account for 429 projects/81,113 rooms, up 5% by projects and 2% by rooms YOY. Projects in early planning stand at 461 projects/95,425 rooms.
Countries in the region with the largest construction pipeline totals include Indonesia with 323 projects/52,241 rooms, India with 307 projects/41,010 rooms, Vietnam with 178 projects/68,819 rooms, Japan with 151 projects/29,870 rooms and Australia with 134 projects/26,322 rooms.
Asia Pacific cities, outside of China, with the largest construction pipelines, are led by Jakarta, Indonesia with 75 projects/13,177 rooms. Next is Seoul, South Korea with 63 projects/12,300 rooms and Bangkok, Thailand with 47 projects/11,891 rooms. Kuala Lumpur, Malaysia is next with 46 projects/13,537 rooms and Phuket, Thailand with 31 projects/6,683 rooms.
The top five franchise companies in the region are: Marriott International with 278 projects/58,921 rooms, Accor with 214 projects/48,781 rooms, InterContinental Hotels Group (IHG) at 157 projects/33,538 rooms, Hilton Worldwide with 93 projects/21,420 rooms, and Hyatt Hotels with 69 projects/13,646 rooms.
Top brands in the Asia Pacific construction pipeline, excluding China, are IHG’s Holiday Inn with 57 projects/11,931 rooms. Accor’s Novotel brand follows with 49 projects/11,019 rooms; then Ibis brand with 38 projects/7,590 rooms, followed by Accor’s Mercure brand, which has 34 projects and hit a cyclical peak of 8,962 rooms. Marriott International’s Fairfield Inn has 40 projects/6,320 rooms and Courtyard has 37 projects/7,786 rooms. Hilton’s top brands include Hilton Hotel & Resort with 31 projects/8,614 rooms and DoubleTree by Hilton with 30 projects/6,152 rooms. Hyatt Place topped the Hyatt brand pipeline at 23 projects/3,829 rooms.