The TOPHOTELPROJECTS construction database shows a total of 2,476 new hotels are slated to open in the APAC region in the coming years, with 595,057 rooms, 671 properties with 150,318 rooms in the pipeline for 2020 alone – although some will be postponed due to Covid.
This article discusses some development hotspots, saying 444 hotels are planned for 2022, 179 for 2023, and 515 confirmed for 2024 and beyond.
Of the 2,476 total due to open in the APAC region, 1,368 will be in the four-star segment, with the remaining 1,108 in the five-star category.
China has the most planned at 1,206, followed by Australia with 183 new hotels and India with 148. Indonesia, Thailand, Vietnam, Malaysia, Japan, Russia and the Philippines conclude the top ten.
In China, Chengdu heads up the rankings, followed by Shanghai. Bangkok completes the top three in the whole region with 41 new hotels, 10,648 rooms. Melbourne is the only other non-Chinese city on the top ten cities list, adding 8,881 rooms to its inventory.
Among brands growing in the region are Hilton, Marriott, Sheraton, Hyatt, Crowne Plaza and IHG. Somerset Serviced Residences and Citadines apart’hotels from ASAP Member Ascott are also among the top ten brands growing in the region.