The Asia-Pacific region, specifically China, had another stellar year with 1,204 hotels and 160,710 rooms openings, according to CoStar, which provides online real estate marketplaces, information, and analytics in the property markets.
Of those, Australia and Oceania accounted for 69 hotels with 6,250 rooms. Additionally, through the first seven months of the year, Sydney’s occupancy was 68.2 percent, up 9.8 percent from last year, representing a normalization as leisure demand peaked and business travel strengthened.
Further, the China markets of Jiangsu (56 hotels with 7,723 rooms), Shadong (52 hotels with 6,295 rooms), Beijing (34 hotels with 3,316 rooms), Guangdong (33 hotels with 5,287 rooms), and Zhejiang (32 hotels with 6,202) led the region in hotel openings.
- The Taikang Sanya, Hainan, China
- Shisui, Nara, Japan
- Cap Karoso, Sumba, Indonesia
- The Ritz-Carlton, Melbourne, Australia
- Four Seasons Hotel Suzhou, China
- Capella Sydney, Australia
- Hilton Yala Resort, Sri Lanka
- Garrya Bianti Yogyakarta, Java, Indonesia
- andBeyond Punakha River Lodge, Bhutan
See Hospitality Design’s full Best Of 2023 list here.
