financeHotel Business··1 min·For: Owner, Investor, GM, Revenue
APEC Hotel Pipeline Hits Record 2,506 Projects
The Asia-Pacific region, excluding China, reached a record hotel construction pipeline of 2,506 projects in Q2, driven heavily by rapid growth in India. Early planning projects surged 26% year-over-year, accounting for 45% of total regional development.
Key Takeaways
- 1APEC hotel construction pipeline grew 17% year-over-year to 2,506 projects and 452,972 rooms.
- 2India leads the region with a record 1,033 projects, followed by Vietnam, Japan, Indonesia, and Thailand.
- 3Renovations and brand conversions reached a record high of 346 projects, up 36% year-over-year.
Source: Hotel Business
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