APAC’s hotel market shows no signs of slowing growth. (Photo from Unsplash by Andreas Brücker)
We take a look at the TOPHOTELCONSTRUCTION database to summarise project pipelines across the Asia Pacific region, identify key growth markets and projects worth watching.
It’s all systems go across the Asia Pacific as projects from China all the way to Australia come on and get underway.
We take a deep dive into the APAC pipelines and highlight some of the largest and most interesting projects we can expect to see in the region soon.
Hospitality industry booms in APAC
Studying figures from the TOPHOTELCONSTRUCTION database reveals a lot about the shape of a region’s hospitality industry and, based on statistics and projections pulled from the database, it appears the Asia Pacific region gets a clean bill of health as the year draws to a close.
According to the numbers, there are an amazing 2,409 projects in Asia Pacific’s pipeline which will bring a total of 57,8791 additional rooms to the region.
Most of the projects that are to come on stream in APAC are 4-star luxury properties, while the remainder are upscale 5-star hotels and resorts. The numbers for these are 1330 and 1079 respectively.
It is perhaps unsurprising that China is way out in front in terms of projects in its pipeline. The People’s Republic has 1138 hotels underway according to TOPHOTELPROJECTS, putting it leaps and bounds ahead of Australia, which is next in line with 174 hotels.
India follows Australia with 155 projects in the pipeline, Indonesia has 141 and Thailand has 121, rounding out the Top 5.
Chinese cities account for seven of Top 10
As far as cities are concerned, the TOPHOTELPROJECTS database reports that the most activity is happening in cities around China.
Chengdu, Shanghai and Hangzhou all take spots in the Top 5 cities, with Chengdu at the top with 51 projects, while Shanghai is second with 44. Other Chinese cities making it into the Top 10 are Wuhan, Sanya, Shenzhen and Guangzhou.
Regarding the brands being most heavily developed, many are big-name international ones such as Hilton Hotels and Resorts, Sheraton Hotels and Resorts, as well as mid-range brands including Doubletree by Hilton and Four Points by Sheraton.
Largest project development
The largest project being developed in APAC is the Mui Dinh Eco-Resort in Vietnam, which will boast an incredible 7,500 rooms. The scheme is currently under construction and is due for completion at the beginning of 2022.
The development will be a luxurious new-build complex inspired by the region’s rich history, tribal culture, and architecture. Six resorts will make up the entire development, as well as 500 private ocean-facing villas.
Notable hotel projects across APAC
There are several notable projects underway across the Asia Pacific, and three are of particular interest.
The World Capital Centre in Colombo, Sri Lanka, is a 2,000-key property due to open in 2023. It is a vast mixed-use development which will encompass a seven-star hotel, meeting and conference facilities, retail and commercial units. It will be the first development of its kind in Sri Lanka.
The Shanghai Dream Empire Resort is a mixed-use complex which will house four 5-star luxury hotels in the centre of Shanghai. The resorts will be centred around a 90,000 sqm themed snow park and are set to open in the middle of 2022.
Finally, the Henan Yuntai Btg-Jianguo Hotel will be a 1,000-key hotel and resort in the Chinese province of Henan. The hotel will provide accommodation for business events and conferences, as well as attracting leisure travellers to this part of China. It will also boast numerous private villas for that authentic 4-star experience.
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