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Asia's Hotel Pipeline Retracts 17% in Third Quarter

Category: Hotels, Posted:10 Dec 2009 | 04:08 am

For Q3 Asia's hotel pipeline has retracted by 17% for projects versus Q2 of 2009 according to figures released by Lodging Economics. Development went from 2,226 project down to 1,841; though in terms of total rooms the downward trend was 13%. The regions two bull markets India and China account for 81% of the new supply in hotel projects.
Asia has continued to lead the world with its continued pipeline sustained during the global recession but at the same time while projects at more advanced phases of development are continuing, those still in early planning are where the write off's are for the moment. At the same time many Asian high net worth hotel owners have elected to look at stressed existing assets with developing market such as Australia favored.

Other News

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Asia’s Largest Hotel Investment Conference Next Week

Category: , Posted:16 Oct 2020 | 15:28 pm HICAP, Asia’s biggest hotel investment event of the year is set for next week in a 3-day virtual format. Scheduled for 21st to 23rd October, this is the first year the conference will be live online and not in person, in Hong Kong. C9 Hotelworks Bill Barnett will be moderating a special Thailand panel of […]
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Funkytown – Inside the Cultural Melting Pot

Category: Tourism, Posted:14 Oct 2020 | 09:24 am Join C9 Hotelworks and Delivering Asia Communications on Tuesday 20th October, 2:00 pm Bangkok | 3:00 pm Singapore/Hong Kong for a special one-hour virtual event about the latest trends  in urban Bangkok and the latest from Phuket Town. Registration is free here. Ready, steady, go, straight down the urban rabbit hole of funkytown. Tripping down […]
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Phuket International Reopening Next Week

Category: Tourism, Posted:30 Sep 2020 | 09:33 am The resort island of Phuket is preparing to welcome 120 Mainland Chinese overseas travelers from Guangzhou next week on October 8th. As per government guidelines, the visitors will stay in Alternative Local State Quarantine (ALSQ) hotels for 14 days. According to news sources and the Phuket public health office, there are presently nine hotels approved […]