Global Construction Pipeline Up 6% by Projects YOY for First Quarter
June 26, 2017 1:08pm
June 27, 2017 – PORTSMOUTH, NH
Lodging Econometrics' (LE) Global Construction Pipeline Trend Report states that the Total Pipeline ended the first quarter with 11,904 Projects/1,974,439 Rooms, up 6% by projects Year-Over-Year (YOY).
There are 5,496 Projects/1,009,227 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,753 Projects/532,814 Rooms, are up a strong 17% while projects in Early Planning at 2,655 Projects/432,398 Rooms are down 2% by projects.
The leading franchise companies in the Global Construction Pipeline by project-count are: Marriott International with 2,159 Projects/363,672 Rooms, Hilton Worldwide with 1,993 Projects/300,524 Rooms, InterContinental Hotels Group (IHG) with 1,336 Projects/204,991 Rooms and Choice Hotels with 561 Projects/47,155 Rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 332 Projects/35,089 Rooms, Hilton’s Hampton Inn with 547 Projects/65,211 Rooms, IHG’s Holiday Inn Express with 595 Projects/72,113 Rooms, and Choice’s Comfort Suites with 127 Projects/10,596 Rooms.
The top countries by room-count are the United States with 602,034 Rooms/5,032 Projects and China with 534,285 Rooms/2,441 Projects. The U.S. accounts for 30% of the rooms in the Global Pipeline while China accounts for 27%, resulting in 57% of the Global Pipeline being concentrated in just two countries.
The cities with the largest pipeline room counts are: Dubai with 35,882 Rooms/125 Projects, New York with 29,447 Rooms/185 Projects, Seoul with 27,084 Rooms/148 Projects, Shanghai with 25,406 Rooms/133 Projects and Guangzhou with 22,727 Rooms/ Projects.
Tags: lodging econometrics',
global construction pipeline,
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
North America Tops Global Construction Pipeline With 6,226 Projects Followed by Asia Pacific and EMEA
7% Year-Over-Year Growth in the Global Construction Pipeline With 12,631 Projects in Total Pipeline
North America, Asia Pacific and EMEA Lead World Regions in Global Hotel Construction Pipeline
Global Hotel Construction Pipeline Up 8% YOY with 12,427 Projects
Global Hotel Construction Pipeline Growing with Projects up 8% YOY
New York City Takes Top City in the Global Hotel Construction Pipeline Trend Report with 190 Projects
Be Prepared – This Is Not a Test!: AF&Co’s 2017 Trends Report
US Hotels Selling at Record Highs with Average Selling Price Per Room (ASPR) of $165,303
Please login or register to post a comment.