Hotel construction across the Asia-Pacific among the world's least active
newscatcher
2022-10-27 22:31
Hotel construction across the Asia-Pacific among the world's least active
The Langham, Gold Coast was opened to guests in June. The Middle East and Africa have emerged as the only regions to increase hotel construction activity over the past three months – and the Asia-Pacific has been identified as one of the worst global performers. New STR research reveals that the total number of hotel rooms under contract in the Asia-Pacific plummeted 4.3 per cent to 904,000 rooms in the third quarter of the year. The number of hotel rooms in final planning throughout the region dropped more than 26 per cent, but the number under construction increased by 1.

https://www.realcommercial.com.au/news/hotel-construction-across-the-asiapacific-among-the-worlds-least-active

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