The source for all Tourism, Hotel and Real Estate news in Phuket.

Asia's Hotel Pipeline Retracts 17% in Third Quarter

Insider Story Locations

Find our most recent stories tagged by their locations. Click here for more story locations.

Posted: 10 Dec 2009 | 4:08 am

For Q3 Asia's hotel pipeline has retracted by 17% for projects versus Q2 of 2009 according to figures released by Lodging Economics. Development went from 2,226 project down to 1,841; though in terms of total rooms the downward trend was 13%. The regions two bull markets India and China account for 81% of the new supply in hotel projects.

Asia has continued to lead the world with its continued pipeline sustained during the global recession but at the same time while projects at more advanced phases of development are continuing, those still in early planning are where the write off's are for the moment. At the same time many Asian high net worth hotel owners have elected to look at stressed existing assets with developing market such as Australia favored.

DO YOU LIKE THIS?

what does this mean for Phuket ?

Bill Barnett responds:
We have seen some impact in Phuket with delays in projects such as Jumeirah, Yamu and Taj but for the most part the hotel pipeline is robust, perhaps too much as we are edging to possibly oversupply in some tiers.

Chris P. Cream, 10 Dec 2009 | 3:36 pm

Insider up to the Minute

Cool Hunting - On the Web

Starwood Capital's eco chain brand
http://www.1hotels.com

Singapore flashpacking budget sleep
http://www.winkhostel.com

Top Manila travel and food blog
http://www.ourawesomeplanet.com

PHUKET WEATHER

The Green Report

A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:

Bamboozled In Bali

Down in the Island of the Gods Linda Garland, who's Ubud estate was featured in the sloppy Hollywood movie Eat Pray Love set up the Environmental Bamboo Foundation in 1993.

Yoga Barn Grows Green Footprint

Ubud's classic Yoga Barn retreat had expanded facilities with the opening of a new wing, which was entirely constructed from recycled materials.