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Contact: Kathleen Hurley
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October
9, 2008 |
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LE Reports Asia Pacific Lodging
Construction Pipeline
at a New Peak of
2,226 Projects/506,646 Rooms
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Pipeline Highlights at Q2 |
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Asia Pacific’s Total Construction Pipeline has 2,226 projects/506,646 rooms as of the end of Q2. The region has the second largest Pipeline in the world. Although at a new peak, Pipeline totals are in a “topping out” formation, changing minimally over the last three quarters. This cresting presages a slowdown ahead in the explosive development growth seen this decade.
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60% of all projects and rooms are Under Construction. At 1,368 projects/325,536 rooms, the totals represent a new high for the cycle. With so many projects already in the ground, the Pipeline is set to unfold at an accelerating rate through 2010.
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Projects Scheduled to Start Construction in the Next 12 Months have declined for two consecutive quarters. Q2 stands at 351 projects/88,327 rooms, down 16% by projects from the peak reached in Q4 2007. Early Planning totals declined to 507 projects/92,783 rooms after peaking in Q1.
To view the entire Executive Summary for LE's Lodging Construction Report
for Asia, including the Forecast for New Hotel Openings and timely trend line graphics,
please click here. |
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Lodging Econometrics (LE) specializes in:
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Development Pipeline Reports - Summaries & Individual Project Records
With
Three-Year Forecasts for New Hotel Openings for every country and market
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Contact Names for Owners & Management of Open & Operating Hotels (Census)
Essential for companies inquiring about acquisitions or adding to their
asset management portfolio
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Valuation Trend Summaries & Individual Sales Comp Records
Ideal for analyzing historic valuation trends and monitoring current hotel real
estate transactions
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To learn more about LE’s Reports for Asia Pacific, or other markets, countries and regions worldwide, please contact LE’s Sales Representatives at 603-431-8740,
ext. 25 or email:
info@lodgingeconometrics.com. |
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LE welcomes your comments on this report and observations on the Lodging
Industry.
We invite you to contribute
here.
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© 2008 Lodging Econometrics, The Global Authority For Hotel Real Estate, 500 Market St. Suite 13, Portsmouth, NH 03801,
USA,
Phone: +1 603-431-8740, Ext 25
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