Free Access
Member Only Access
Industry News

Asia Pacific Construction Pipeline Are At A Five-quarter Low

Monday 5 January 2009
Lodging Econometrics

In the Asia Pacific region, Construction Starts are at a five-quarter low and will continue to trend downward, closely tracking development trends in the US. Because accessing financing is so difficult, many projects already in the Pipeline cannot migrate forward towards Construction, but are stalled in the Scheduled Starts in the Next Twelve Months and Early Planning stages.

Project Cancellations are at an all-time high, reflecting the unavailability of financing and heightening developer concerns about a global slowdown. The fall-off in international travel, guestroom demand and attendant pricing pressures are accelerating and expected to continue to trend downward well into the next year as the full impact of the economic crisis in the region takes hold.

New Project Announcements into the Pipeline have declined sharply since Q4 2007 and will continue at low levels for the foreseeable future. Many developers have withdrawn to the sidelines, as they wait to see how future New Openings will be absorbed, how operating performance will react and when the economy might right itself.

Related Document

Contact Information

Kathleen Hurley
Phone: +1 603-431-8740 ext. 12
Email: khurley@lodgingeconometrics.com

Company Details

Hospitality NetLodging Econometrics
www.lodging-econometrics.com
500 Market St., Suite 13
USA - Portsmouth, NH 03801
Phone: (603) 431-8740
Fax: (603) 431-4418
Email: info@lodgingeconometrics.com

Recent Articles

FeatureAdd to My eConnectSharePrint this page
Featured HSMAI Publication
Distribution Channel Analysis: a Guide for HotelsDistribution Channel Analysis: a Guide for Hotels

The American Hotel & Lodging Association (AH&LA) and STR Special Report "Distribution Channel Analysis: a Guide for Hotels", published by the Hospitality Sales & Marketing Association International (HSMAI) Foundation, discusses the effects of channel mix on profitability and what the industry can expect in the near term in the distribution landscape. It reviews the size and structure of the hotel industry at a high level, with respect to hotel performance and its use of distribution channels.

Read More »
Featured Industry Publication
Best Practices for Hotel Websites Analytics

Best Practices for Hotel Websites Analytics
HSMAI and Vizergy White Paper, Written by Tim Peter. Hotel marketers face many challenges in using analytics. But most common among these may be knowing where to begin. While powerful tools like Google Analytics, Adobe Omniture SiteCatalyst and Webtrends exist to help marketers understand their marketing activities, many hotel marketers struggle with separating the wheat from the chaff and zeroing in on the information that matters most. As one director of marketing noted, “Sometimes you get into the analytics and you can’t get out, so I try not to get too hung up in the minutia of the data.” (PDF Document, 2,070.66 KB)

View publication »
UPCOMING EVENTS
See all Industry Events »
See all HSMAI events »
    See all HSMAI University events »