The TOPHOTELPROJECTS construction database shows that APAC’s hotel market will grow rapidly in the coming years, with China way out ahead in terms of new development.
According to our research, the APAC region has a promising pipeline of 2,706 hotel schemes with a total of 628,670 rooms due for delivery over the next few years. We take a closer look at where these new properties will open and consider which ones should really be on your watchlist.
APAC hotel openings by year
The remainder of 2021 will see 454 hotels with 103,832 rooms go live across the region. We’re also expecting 2022 to be a big year – 781 launches and 183,594 additional keys are on course to hit the market then.
In 2023, another 609 projects are scheduled for completion. Combined, they will bring an additional 142,826 rooms into play.
For 2024 and beyond, 862 openings with 198,418 keys have already been pencilled in.
Of these 2,706 new hotels, 1,526 are focused on in the four-star category, while the rest (1,180) are targeting the five-star segment.
Key growth markets in APAC
When it comes to hotel development, China enjoys an overwhelming lead over all of the other countries in the region – no fewer than 1,521 hotels with 351,138 rooms are currently in the pipeline across the People’s Republic. Given this impressive outlook, it’s perhaps hardly surprising that four out of APAC’s five fastest growing urban hotel markets are located in China.
Chengdu tops the list with 65 planned launches and 14,599 keys, while the financial capital Shanghai follows with 58 scheduled openings, which will bring 14,728 rooms onto the scene. Nanjing is next with 46 ongoing projects and 9,648 rooms, and Suzhou has 45 hotels and 10,060 keys under development. Bangkok, incidentally, is the only non-Chinese city to make our rundown, courtesy of its tally of 46 schemes with 12,081 rooms.
After China, Australia and India share a very distant second in our country-by-country rankings. Both will see 160 new properties open, with 29,574 and 25,480 keys respectively. Thailand is next with 128 projects and 30,943 rooms, just ahead of Vietnam, which is awaiting the arrival of 125 hotels and 51,302 keys.
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International hotel brands growing in the APAC region
Hilton Hotels & Resorts comes out ahead on this metric, owing to the fact that it has 83 launches and 22,729 rooms planned across APAC. By way of comparison, Marriott Hotels & Resorts and Citadines Apart’hotels will each grow their footprints by 64 properties, and 19,246 and 12,508 keys respectively.
A closer look at these figures, however, reveals that Marriott International’s eponymous brand is preparing to launch properties with significantly more rooms than the other two.
New hotels in APAC to watch
The first hotel to keep an eye on is The Singapore Edition. Set to open in late 2023, this 190-key property will be located in one of the city-state’s most chic neighbourhoods in the famous Orchard district. Featuring design by Ian Schrager Studio, the hotel will encapsulate Singapore’s love of the future, technology, arts and culture.
Over in Vietnam, the country’s largest city will welcome JW Marriott Hotel Ho Chi Minh City Grand Marina in late 2024. Set in a tower on the bank of the Saigon River, this under-construction luxury hotel will share the space with elegant residential and officetel units.
Just across the river, meanwhile, is the Empire City Hotel scheme. While a fixed launch date for the 300-room project is yet to be announced, the eye-popping renderings released by the development team are already making quite an impression. The hotel will be housed on the upper floors of an 88-floor tower, which will also be home to residences, apartments, a public observation deck and a stunning ‘Sky Forest’.
Many TOPHOTELNEWS articles draw on exclusive information from the TOPHOTELPROJECTS construction database. This subscription-based product includes details of thousands of hotel projects around the world, along with the key decision-makers behind them. Please note, our data may differ from records held by other organisations. Generally, the database focuses on four- and five-star schemes of significant scale; tracks projects in either the vision, pre-planning, planning, under-construction, pre-opening or newly opened phase; and covers newbuilds, extensions, refurbishments and conversions.
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