STR Global data from February show solid increases in all three metrics for Asia/Pacific hotels. Occupancy was up nearly 5 percent to 60.6 percent, average daily rate was up 16.2 percent to $131.36, and revenue per available room came in at $79.65, up 21.6 percent.
Meanwhile, China leads the way by far in new hotel development, with some 127,000 rooms in the pipeline. Wyndham recently added three new luxury hotels in China and followed that with the announcement that four more luxury hotels are in development there, which will join the Wyndham Grand Collection. Starwood’s largest pipeline outside the United States is in China, where the company will double its hotels to 100 by 2012.
Here’s a list of the top 10 largest hotel projects under construction in the Asia/Pacific region:
1. Mangrove Tree Resort, Sanya, China; opening with 5,600 rooms in January 2012
2. Sheraton Macau, Macau, China; opening with 4,000 rooms in June 2011
3. Ryugyong Hotel, Pyongyang, North Korea; opening with 3,000 rooms in June 2012
4. Zhangjiajie Dacheng Shanshui Tianxia International Hotel, Zhangjiajie, China; opening with 2,000 rooms in May 2010
5. Galaxy Resort, Phase 1, Macau, China; opening with 1,500 rooms in June 2010
6. Angsana Fu Xian Lake, Kunming, China; opening with 1,370 rooms in June 2010
7. Swissôtel Cotai Strip Macau, Macau, China; opening with 1,300 rooms in June 2012
8. Traders Hotel Macau, Macau, China; opening with 1,259 rooms in June 2010
9. Ramada Hotel & Suites Boao, Boao, China; opening with 1,000 rooms in December 2010
10. Remington Hotel Manila, Manila, Philippines; opening with 1,000 rooms in March 2011