Latest APAC Hotel Construction Pipeline Data
Skift Take
- STR said China RevPAR for the week ended August 13 was up 107.7% year over, up against a -28.9% comparison.
- According to the recent Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics, at the end of the second quarter the region’s total construction pipeline grew to 1,891 projects/396,517.
- Trip.com said that off-season travel between July to September for both Australia and Southeast Asian countries showed an increase as borders reopen.
STR said China RevPAR for the week ended August 13 was up 107.7% year over, up against a -28.9% comparison. When compared with the same week in 2019, China hotel RevPAR was down -14.7%. Absolute occupancy for the week was 66.1%. That compares against and easy 36% comp in the year ago week.
According to the recent Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics, at the end of the second quarter the region’s total construction pipeline grew to 1,891 projects/396,517. At the end of the second quarter, projects currently under construction stand at 958 projects/212,609 rooms and project scheduled to start construction in the next 12 months stand at 337 projects/66,655 rooms. Projects in the early planning stage stand at 596 projects/117,253 rooms. Development activity was most active within the mid-level chain scales, where upscale and midscale project hit record high project counts of 411 projects/92,424 rooms and 181 pro
