Asia-Pacific Construction Pipeline at Close of Q3
Skift Take
- The supposed reopening trade for China stocks hit a speed bump as the realization set in with investors that Covid cases are not going down, in fact they continue to go up.
- ONYX Hospitality Group said they reinforced their expansion plan with a strategic focus on its home territory of Thailand and neighboring destination, Malaysia.
- According to the recent Q3 2022 close of the Construction Pipeline Trend Report, Asia Pacific’s total construction pipeline, excluding China, stands at 1,881 projects.
The supposed reopening trade for China stocks hit a speed bump as the realization set in with investors that Covid cases are not going down, in fact they continue to go up. For the sixth straight day, the number of new cases topped 20,000 with a new seven month high today of more than 26,000. Guangdong is once again has doubled their cases, reporting more than 9,000 today. A five day lockdown of the Baiyun district has been ordered. On another note, Hong Kong Chief Executive John Lee brought back a present from the Asia Pacific Economic Cooperation Forum in Thailand, testing positive for Covid when he returned to Hong Kong.
According to the recent Q3 2022 close of the Construction Pipeline Trend Report for the Asia Pacific region from Lodging Econometrics. Asia Pacific’s total construction pipeline, excluding China, stands at 1,881 projects/401,545 rooms. Following are charts with status updates for non-China markets in the r
