The State of Asia Pacific Hotel Pipeline at End of Q3 2023
Skift Take
- 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 2024 to 406 hotels and 78,110 rooms before slowing in 2025 to 358 new hotel openings with 74,199 rooms.
Asia-Pacific Hotel Pipeline by Status Q3 2023 StatusProjectsRoomsUnder construction954220,336Scheduled to start in the next 12 mos.29551,756Early planning stage680126,107Excluding China
Asia-Pacific Hotel Pipeline by Country Q3 2023 CountryProjectsRoomsIndia48157,879Vietnam24387,062Indonesia21235,333Japan15631,085Thailand15538,706Excluding China
Asia-Pacific Hotel Pipeline by City Q3 2023 CityProjectsRoomsBangkok, Thailand6014,895Jakarta, Indonesia499,369Melbourne, Australia417,612K