BCI’s hospitality construction sector snapshot report in Asia captures the total number and value of active projects across the region, as of April 2024. 

As reported by BCI, from April 2023 to April 2024, there has been a decline in the number of design applications approved in the hospitality sector across seven key Asian markets: Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. This decline corresponds with the decrease in the number of design applications submitted, with just under 620 hospitality construction projects receiving approval within the last 12 months. 

CONSTRUCTION PROJECTS IN THE HOSPITALITY SECTOR 

Across BCI’s project coverage in Asia, there are currently over 2,700 active projects in the hospitality sector. A breakdown by country shows Vietnam has the most active hospitality projects (over 1,200), while the next highest number can be found in the Philippines at over 400 projects.   

Download your free copy of the hospitality construction sector snapshot report in Asia to see what’s happening across its seven key markets, as reported by BCI in April 2024.  

HOSPITALITY PROJECTS IN HONG KONG 

There are 75 active construction projects in the hospitality sector in Hong Kong, worth approximately 41.28 billion HKD. 

FORMER DELITE MANSION – FEATURED HOSPITALITY CONSTRUCTION PROJECT IN HONG KONG 

• PID: 74805007 
• มูลค่าโดยประมาณ: 170M HKD 
• ประเภทโครงการ: HOTEL – new – 24 storey 
• Sector: โรงแรม 
• เวที: ก่อสร้าง 
• ที่ตั้ง: Yau Tsim Mong District, Kowloon 

*All values as of 22 April 2024 

HONG KONG KEY MARKET PLAYERS IN THE HOSPITALITY INDUSTRY 

The Hongkong Electric Company, Limited, P&T Architects and Engineers Ltd, and Hien Lee Engineering Co Ltd featured as one of the top three developers, architects and main contractors respectively, based on their total construction project value as reported by BCI over the past 12 months. 

Download BCI Central’s latest hospitality construction sector snapshot report in Asia. 

HOSPITALITY PROJECTS IN INDONESIA 

There are 290 active construction projects in the hospitality sector in Indonesia, worth approximately 50.71 trillion IDR. 

PAKUWON NUSANTARA – WESTIN HOTEL (5 STARS) – FEATURED HOSPITALITY CONSTRUCTION PROJECT IN INDONESIA 

• PID: 231295002 
• มูลค่าโดยประมาณ: 706.52B IDR 
• ประเภทโครงการ: HOTEL (234 rooms) | SERVICES APARTMENTS (108) – new 
• Sector: โรงแรม 
• เวที: เตรียมโครงการ 
• ที่ตั้ง: East Kalimantan, Kalimantan 

*All values as of 22 April 2024 

INDONESIA KEY MARKET PLAYERS IN THE HOSPITALITY INDUSTRY 

Bina Karya (Persero) PT, Airmas Asri PT, and Nusa Raya Cipta Tbk PT featured as one of the top three developers, architects and main contractors respectively, based on their total construction project value as reported by BCI over the past 12 months. 

Grab a free copy of our report! 

HOSPITALITY PROJECTS IN MALAYSIA 

There are 315 active construction projects in the hospitality sector in Malaysia, worth approximately 87.31 billion MYR.  

VELODROME CHERAS – FEATURED HOSPITALITY CONSTRUCTION PROJECT IN MALAYSIA 

• PID: 106512003 
• มูลค่าโดยประมาณ: 3,000M MYR 
• ประเภทโครงการ: SERVICED APARTMENTS | SOHO | HOTEL | OFFICE | SHOPS – new 

• Sector: โรงแรม 
• เวที: เตรียมโครงการ 
• ที่ตั้ง: Kuala Lumpur, Central Region 

*All values as of 22 April 2024 

MALAYSIA KEY MARKET PLAYERS IN THE HOSPITALITY INDUSTRY 

Jakel Properties Sdn Bhd, KSKA Arkitek Sdn Bhd, and Conlay Construction Sdn Bhd – Subang Jaya featured as one of the top three developers, architects and main contractors respectively, based on their total construction project value as reported by BCI over the past 12 months. 

For more information, check out our free Hospitality Sector Snapshot report. 

HOSPITALITY PROJECTS IN THE PHILIPPINES 

There are 416 active construction projects in the hospitality sector in the Philippines, worth approximately 474.06 billion PHP. 

SHERATON HOTEL PALAWAN – FEATURED HOSPITALITY CONSTRUCTION PROJECT IN THE PHILIPPINES 

• PID: 129260004 
• มูลค่าโดยประมาณ: 1,226.58M PHP 
• ประเภทโครงการ: HOTEL (152 rooms) – new – 12 storey 
• Sector: โรงแรม 
• เวที: ก่อสร้าง 
• ที่ตั้ง: Palawan, South Luzon 

*All values as of 22 April 2024 

PHILIPPINES KEY MARKET PLAYERS IN THE HOSPITALITY INDUSTRY 

Cebu Landmasters Inc – Headquarters, FYI Design Studio, and CE Construction Corporation featured as one of the top three developers, architects and main contractors respectively, based on their total construction project value as reported by BCI over the past 12 months. 

Download your copy of the hospitality construction sector snapshot report. 

HOSPITALITY PROJECTS IN SINGAPORE 

There are 81 active construction projects in the hospitality sector in Singapore, worth approximately 7.83 billion SGD. 

RESORTS WORLD SENTOSA WATERFRONT DEVELOPMENT – FEATURED HOSPITALITY CONSTRUCTION PROJECT IN SINGAPORE 

• PID: 36680006 
• มูลค่าโดยประมาณ: 1,400M SGD 
• ประเภทโครงการ: HOTEL | RETAIL – 2 buildings – new & alterations & additions 
• Sector: โรงแรม 
• เวที: ก่อนก่อสร้าง 
• ที่ตั้ง: สิงคโปร์ 

*All values as of 22 April 2024 

SINGAPORE KEY MARKET PLAYERS IN THE HOSPITALITY INDUSTRY 

Marina Bay Sands Pte Ltd, Aedas Pte Ltd (Singapore), and Min Da Group Pte Ltd featured as one of the top three developers, architects and main contractors respectively, based on their total construction project value as reported by BCI over the past 12 months. 

Check out the latest in our hospitality construction market report in Asia! 

HOSPITALITY PROJECTS IN THAILAND 

There are 279 active construction projects in the hospitality sector in Thailand, worth approximately 107.93 billion THB. 

ONE ORIGIN MASTERPIECE BANGNA – FEATURED HOSPITALITY CONSTRUCTION PROJECT IN THAILAND 

• PID: 115475008 
• มูลค่าโดยประมาณ: 965M THB 
• ประเภทโครงการ: HOTEL (190 rooms) | OFFICES – new – 29 storey 
• Sector: โรงแรม 

• เวที: ออกแบบและเตรียมเอกสาร 
• ที่ตั้ง: Bangkok, Bangkok Metropolitan Region 

*All values as of 22 April 2024 

THAILAND OFFICE KEY MARKET PLAYERS IN THE HOSPITALITY INDUSTRY 

One Origin Pcl, Architects 49 Limited (Bangkok), and Pre-Built Pcl featured as one of the top three developers, architects and main contractors respectively, based on their total construction project value as reported by BCI over the past 12 months. 

Have you got a copy of the Hospitality Sector Snapshot report? Download it for free.  

HOSPITALITY PROJECTS IN VIETNAM 

There are 1,289 active construction projects in the hospitality sector in Vietnam, worth approximately 1,304.92 trillion VND. 

FIVE STAR ODYSSEY INTERNATIONAL HOTEL – BA RIA VUNG TAU – FEATURED HOSPITALITY CONSTRUCTION PROJECT IN VIETNAM 

• PID: 7580011 
• มูลค่าโดยประมาณ: 2,400B VND 
• ประเภทโครงการ: HOTEL (436 rooms) | CONDOTEL (1,019) – new – 50 storey 
• Sector: โรงแรม 
• เวที: ก่อนก่อสร้าง 
• ที่ตั้ง: Ba Ria Vung Tau, Southern Vietnam 

*All values as of 22 April 2024 

VIETNAM KEY MARKET PLAYERS IN THE HOSPITALITY INDUSTRY 

Flamingo Holdings, Ong & Ong Co Ltd, and Hoa Binh Construction Group featured as one of the top three developers, architects and main contractors respectively, based on their total construction project value as reported by BCI over the past 12 months. 

Discover the complete list of the top three developers, architects and main contractors in our hospitality sector snapshot report in Asia. 

WHAT ARE BCI SECTOR SNAPSHOTS? 

The BCI Sector Snapshots are a series of free reports that share top-level insights into key construction sectors across seven Asian markets: Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. 

Our BCI Sector Snapshot reports provide you with the total number and value of active projects broken down into:  

• Overall national figures 
• Construction stages  
• Regional figures (where applicable) 

With further details on:  

• Key market players (developers, architects and main contractors) 
• Noteworthy projects 

BCI LeadManager offers comprehensive information on the projects undertaken by key market players in the hospitality construction sector. Within the hospitality sector, BCI reports on:  

• Caravan Parks, Camping Grounds 
• Hotels 
• Motels, Hostels, Backpacker Accommodations 
• Resorts 
• Serviced Apartments 

Additionally, BCI Analytix provides in-depth analysis of construction activity by sector, stage and location, as well as the sector’s prominent market players. 

Explore our range of free Sector Snapshot reports below:  

• Sector Snapshot Reports