Hotel Construction Pipeline in the Asia Pacific Region Declines with Projects Down 6% YOY
PORTSMOUTH, N.H. September 14, 2016 - According to the recent Asia Pacific Construction Pipeline Trend Report from Lodging Econometrics (LE), excluding China, the region has 1,539 Projects/308,792 Rooms, down 6% by projects and 4% by rooms Year-Over-Year (YOY).
For hotels currently Under Construction, excluding China, the Asia Pacific Pipeline has 864 Projects/179,056 Rooms, down 4% by projects and 3% by rooms YOY. There are 285 Projects/60,349 Rooms Scheduled to Start Construction in the Next 12 Months, down 4% by projects and 11% by rooms. Projects in Early Planning, 390 Projects/69,387 Rooms, are down 11% by projects and 16% by rooms.
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Lodging Econometrics (LE) is the lodging industry's leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients' business goals into timely opportunities.
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Emily Lloyd
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Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
