Oyo, Jin Jiang lead Asia-Pacific hotel supply and growth- STR

Asia

According to the latest data from STR, Oyo Hotels & Homes represents the largest hotel-supply count in the Asia-Pacific region, while Jin Jiang International leads in terms of number of rooms in the development pipeline. 

Public financial filings were used to supplement STR data to compile the list of the region’s 100 largest companies, 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 and as of June, the company had 500,000 rooms across 10,000 hotels in China alone.

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Six additional companies showed more than 200,000 rooms in their existing supply. 

In Development

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[s] 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.” 

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