October 2019 a robust month for new hotel openings [Infographic]
The new CitizenM Bosten North Station is now open to welcome its guests (Picture: CitizenM)
Both the Asia-Pacific and North American regions have nearly 70 hotels slated to make their debuts.
October 2019 is shaping up to be a robust and dynamic month for hotel development, according to a new report from TOPHOTELCONSTRUCTION.
In fact, numbers from TOPHOTELCONSTRUCTION show that while there is growth throughout the entire international hospitality market, the North American and Asia-Pacific regions are out ahead of the pack, with nearly 70 new development projects a piece. That really is a staggering number, compared to the rest of the world.
Still, that’s not to say the other regions aren’t growing as well.
Growth in North America and Asia-Pacific markets
It is, perhaps, unsurprising that North America and the Asia-Pacific are the two leading markets in October 2019, according to info from TOPHOTELCONSTRUCTION.
Those two markets are generally out in front of the rest of the world. What is maybe a little surprising is just how dynamic those regions are shaping up to be in October 2019.
While Asia-Pacific has the lead with 68 new properties, North America is not far behind with 65 slated to open their doors soon.
What is the rest of the world up to?
As mentioned above, while the North American and Asia Pacific markets are unquestionably leading the way, other parts of the world are not slouching.
Europe, a traditional hospitality market that always remains quite strong, is in third place with 35 new hospitality projects.
Meanwhile, the rising Middle East and Africa market have a combined total of 16, and South America has 8 launches to celebrate.
It all adds up to a total of 192 new hotel projects in October 2019, which once completed will yield as many as 34,639 rooms.
Let’s have a look at the latest TOPHOTELCONSTRUCTION infographic for an overview: