Hotel construction boom in Asia Pacific has no signs of abating, as 27% more hotel rooms are expected to open doors soon compared to the same period last year, according to data by STR.
The London-headquartered hotel research company found that there are 2,109 hotel projects currently being built across the Asia-Pacific region as of July, accounting for 470,650 rooms.
Five countries reported more than 20,000 rooms under construction.
Unsurprisingly, China is expected to generate more than half of the supply boom with 244,233 rooms, representing nearly a tenth of the country’s existing hotel supply.
Japan, which will provide the next highest growth, is anticipating the addition of 43,012 rooms that form 6.3% of its existing supply.
Vietnam continues to ride a hotel supply boom that will see it increase hotel supply by almost one-third with 29,625 rooms (+29.4%).
Indonesia and India round out the top five countries with the fastest growing supply, with 26,694 and 24,801 rooms respectively.
Nearly a quarter of the total hotel rooms, or 112,400, are designated for the upper midscale segment, which also saw the largest percentage growth of 47.6% in activity year over year.
The upscale segment, where 123,692 rooms are expected, saw a moderate increase in activity by 23.2%.
The remaining fifth of the hotel supply, parked under the upper upscale segment, will add 102,043 rooms, representing a modest 14.1% rise.