Tuesday, January 22, 2019

Hotel pipeline for September 2017

STR’s September 2017 Pipeline Report shows 625,359 rooms in 2,842 hotel projects ‘under contract’ in the Asia Pacific region.

The total represents a 7.4 percent increase in rooms Under Contract compared with September 2016.

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The Asia Pacific region reported 288,850 rooms in 1,241 projects In Construction for the month. Based on number of rooms, that is a 20.9 percent increase in year-over-year comparisons.

Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (26.5 percent with 165,532 rooms) and In Construction (26.4 percent with 76,223 rooms).

Asia Pacific pipeline by Chain Scale segment (number of rooms % change, September 2017 vs. September 2016):

Chain Scale In Construction % Change Under Contract % Change
Luxury 37,008 -9.2% 79,164 -6.2%
Upper Upscale 70,602 +16.6% 159,466 +8.9%
Upscale 76,223 +18.6% 165,532 +8.8%
Upper Midscale 59,506 +104.1% 115,045 +13.5%
Midscale 8,655 -19.3% 36,908 +6.2%
Economy 3,502 +42.2% 7,717 +52.2%
Unaffiliated 33,354 +8.0% 61,527 +6.1%
         
Total 288,850 +20.9% 625,359 +7.4%

STR / report as of September 2017, activity reported through August 2016.

About accomnews

accomnews

Check Also

Inhuman punishment for Japanese hotel workers

A Japanese hotel has culled most of its staff for being too high maintenance.

Marriott and Expedia’s battle over commissions could trigger industry-wide overhaul

The hotel distribution space could be in for a massive shake-up as talks over fees between Expedia and Marriott are said to be in their final stages.

How to free up your staff for the important stuff

Chances are that if you take a good hard look at how accom salespeople spend their work days, there are likely to be some unnecessary tasks eating up their time.

Leave a Reply

Your email address will not be published. Required fields are marked *