Development

Oyo Hotels & Homes and Jin Jiang International Lead in Asia Pacific Hotel Presence

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).
Jin Jiang Hua Ting Hotel & Towers Shanghai - Exterior
Jin Jiang Hua Ting Hotel & Towers Shanghai

STR

Oyo Hotels & Homes represents the largest hotel supply count in the Asia Pacific region, while Jin Jiang International leads in number of rooms in the development pipeline. As part of the STR 500, STR will release a list of the region’s 100 largest companies during this week’s Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong.

Public financial filings were used to supplement STR data to compile the list, specifically for companies whose own room counts do not match those of STR, reflecting differences with STR’s traditional hotel property criteria.

Oyo’s Asia Pacific portfolio covers 952,495 rooms. Six additional companies showed more than 200,000 rooms in their existing supply.

Jin Jiang, with 391,088 rooms under contract, was one of four companies with more than 100,000 rooms in the total pipeline. Under contract covers the in construction, final planning and planning phases of the pipeline.

“The Asia Pacific region features some of the world’s largest and most popular hospitality destinations,” said Jesper Palmqvist, STR’s area director – Asia Pacific. “Much like other parts of the world, the region’s accommodation landscape is evolving, and that is reflected in the rapid growth of companies such as Oyo. Rapid growth in intra-APAC travel, solid performance metrics and growing destination popularity continue to position Asia Pacific for further development and investment, especially with branded properties, which have grown in presence over the past decade.”

Top 10 (Asia Pacific region)

Parent Company Existing Rooms Parent Company Pipeline Rooms
Oyo Hotels & Homes 952,495 Jin Jiang International 391,088
Jin Jiang International 753,379 Marriott International 142,979
Huazhu Hotels Group Ltd 422,747 Hilton 128,276
Beijing Tourism Group 398,006 InterContinental Hotels Group 127,727
GreenTree Hospitality Group 221,529 Accor 92,562
Accor 211,260 Wyndham Hotels & Resorts 72,243
Marriott International 210,358 The Ascott Limited 45,704
InterContinental Hotels Group 182,189 Hyatt Hotels Corporation 30,713
Wyndham Hotels & Resorts 176,410 APA Hotels & Resorts 18,655
Sunmei Group 121,483 Wanda Hotels & Resorts 8,863

Source: STR 500

Palmqvist will be featured as chairman of HICAP, for the event’s 30th anniversary, alongside Robin Rossmann (STR’s international managing director), who will present the latest updates during the plenary session at 9:50 a.m. on Thursday, 24 October.

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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