Oyo Hotels & Homes makes up the largest hotel supply count (952,495 rooms) in the Asia Pacific region, while Jin Jiang International leads in number of rooms in the development pipeline (391,088 rooms).
Accor accounts for the largest hotel room presence in the Central/South America region, followed by Marriott International, according to census data from STR.
Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.
Analysts at Lodging Econometrics report that at the end of the first half of 2019, Chinas total construction pipeline swelled to 2,991 projects/592,884 rooms, up 19% by projects and 7% by rooms year-over-year (YOY), both at all-time highs, amidst an economic slowdown. The China growth rate is expected to be 6.2% for 2019, the lowest reported since 1990.