The TOPHOTELPROJECTS construction database reveals that 597,427 rooms will be added across the APAC region in the coming years, with China accounting for half of the extra keys as its hospitality scene continues to grow at breathtaking speed.
Our research has revealed that 2,513 hotel projects with 597,427 rooms are currently on the books throughout the APAC region. We find out more about the upcoming openings in this vast area.
Strong market outlook in APAC
In the last two months of 2020, 396 properties with 89,783 rooms will open across the APAC region – 197 are currently getting their final touches in the pre-opening phase. 2021 will be even busier though, with 767 new hotels and 183,996 new keys.
548 projects with 132,751 rooms are due for completion in 2022. For 2023, another 202 hotels are already on the books and will bring 48,721 keys into play. And 600 more hotels with 142,176 rooms have been signed off for 2024 and beyond.
The spread between four- and five-star hotels is almost even. We understand that 1,404 properties will be in the upscale category, while the remaining 1,109 properties will be in the luxury category.
Key growth markets within the APAC region
China takes the cake on a country-by-country basis, with 1,262 new hotels and 302,343 rooms in its pipeline. Australia comes in a distant second, however, with 193 properties and 37,112 keys under development – and India takes third, with 146 projects and 22,941 rooms.
Further down the list, Indonesia will see 128 hotels open, adding 23,405 keys to the local offering. Thailand will grow its hotel market by 124 properties and 31,190 rooms, incidentally, while 115 projects with 31,190 keys will go live in Vietnam.
Elsewhere, Malaysia will get 81 new hotels, followed by Japan with 69 ongoing projects. The Philippines and Russia conclude the list with 66 and 63 launches respectively.
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APAC’s top urban growth markets
Given China’s impressive hotel pipeline, it’s hardly surprising that eight of the top ten urban growth markets are in China.
Chengdu leads the list with 61 projects and 14,015 new rooms, while Shanghai comes in second with 48 hotels and 11,764 rooms under development, and Nanjing completes the top three with 46 properties and 9,532 keys.
Over in Hangzhou, 42 hotels with 10,088 rooms will soon launch, followed closely by Bangkok – the Thai capital has 41 openings and 10,719 keys lined up.
Meanwhile, Xian and Melbourne will both get 36 new properties. And Shenzhen, Wuhan and Sanya round out the top ten with 34, 30 and 28 projects in their respective pipelines.
Hotel groups with APAC in their sights
Marriott International will grow its footprint around Asia by 375 hotels and 91,242 rooms, our data indicates. By way of comparison, IHG plans to open 232 properties with 54,437 keys, while Hilton Worldwide has 217 properties with 54,364 rooms on its development slate.
French hospitality giant Accor will grow by 210 hotels and 48,072 rooms across its various brands, and Hyatt Hotels Corporation will open 152 properties with 36,953 rooms.
Top ten hotel brands growing in APAC
In terms of brands, Hilton Hotels & Resorts has the most ambitious plans, with 78 projects and 22,451 rooms on the cards. Citadines Apart’hotel is adding 61 properties and 11,690 keys to its portfolio, while DoubleTree by Hilton follows close behind with 60 hotels and 14,597 rooms.
Not to be overlooked, Marriott Hotels & Resorts will launch 56 properties, and Sheraton Hotels & Resorts will open 48 hotels. Both Crowne Plaza Hotels & Resorts and Holiday Inn Hotels & Resorts will grow their presence in APAC by 44 properties.
Also worth mentioning is Hyatt Regency Hotels, which will add 43 hotels to its offering. Somerset Serviced Residences will get 41 new hotels, while Hotel Indigo is working on 39 projects.
Noteworthy hotel projects across the region
In central Vietnam, the Wyndham Resort Tropicana Nha Trang will be part of an exciting mixed-use development. Set on a beachfront site in the downtown area, the resort will boast two 50-storey towers with 1,079 guestrooms. Facilities will include several F&B outlets, as well as an expansive pool. The opening date is set for mid-2021.
Over in Australia, the 301-room Voco Sydney Central is set to occupy a striking 17-storey building with a sloping roof that’ll house a green waterfall of vegetation. Guests will be treated to the ultimate upscale Voco experience, with each stay tailored to delivering a unique and memorable experience. The hotel will be in the heart of Sydney CBD, just moments away from the iconic Capitol Theatre, with easy access to George Street light rail, Central Station and Sydney’s new Convention Centre. An opening date has been earmarked for mid-2022.
Also in 2022, a new landmark development will complete in Ho Chi Minh City. The 300-room Empire City Hotel will be part of a new neighbourhood offering everything from apartments, offices and shopping malls to schools and medical facilities. The hotel itself will be in the Empire 88 Tower, which will sit on the shores of the Saigon River and reach a height of 333 metres.
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.
