Shanghai Leads China's Construction Pipeline Followed by Guangzhou, Chengdu and Beijing
December 7, 2017 12:00pm
December 7, 2017 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline that the Total Pipeline has 2,435 Projects/538,836 Rooms, up 5% Year-Over-Year (YOY).
There are 1,732 Projects/364,809 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 308 Projects/69,972 Rooms, up by one project YOY, while projects in Early Planning at 395 Projects/104,055 Rooms are up by 9%.
The top hotel companies in China’s Construction Pipeline are: Hilton Worldwide with 292 Projects/72,382 Rooms, Marriott International with 272 Projects/76,595 Rooms, and InterContinental Hotels Group (IHG) with 203 Projects/54,778 Rooms. The largest brand in the Pipeline for each of the these companies are: Hilton’s Hampton Inn & Suites with 110 Projects/16,724 Rooms, Marriott’s full-service hotel with 59 Projects/18,429 Rooms, and IHG’s Holiday Inn Express with 61 Projects/13,575 Rooms.
Cities in China with the largest pipelines are: Shanghai with 117 Projects/24,009 Rooms, Guangzhou with 107 Projects/25,684 Rooms, Chengdu with 93 Projects/21,139 Rooms, Suzhou with 82 Projects/16,550 Rooms and Beijing with 77 Projects/13,140 Rooms.
Tags: lodging econometrics,
china 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
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