Overview
- The region closed Q4 2025 with 2,323 projects totaling 433,241 rooms, up 11% by projects and 5% by rooms year over year.
- Higher-end chain scales set records, with luxury at 398 projects/75,190 rooms, upper upscale at 422/88,958, and upscale at 568/111,296.
- Activity is deep across stages, with 890 projects/189,271 rooms under construction, 398/77,767 slated to start within 12 months, and 1,035/166,203 in early planning.
- India leads with 906 projects/118,334 rooms, followed by Vietnam (248/84,079), Japan (200/32,209), Indonesia (181/30,761), and Thailand (167/43,067).
- City pipelines are largest in Bangkok (68/16,641), Jakarta (46/10,159), Bengaluru (45/9,199), Tokyo (42/5,497), and Phuket (41/9,583), with LE reporting 334 openings in 2025 and forecasting 338 in 2026 and 349 in 2027.