The Global Hotel Construction Pipeline Tops 11,000 Projects

/The Global Hotel Construction Pipeline Tops 11,000 Projects

The Global Hotel Construction Pipeline Tops 11,000 Projects

|2016-04-06T09:58:41+00:00April 6th, 2016|

April 6, 2016 – PORTSMOUTH, NH – According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the worldwide Pipeline is at 11,130 Projects/1.9 million Rooms, the highest level LE has ever recorded. The Global Pipeline is up 9% Year-Over-Year (YOY) by both projects and rooms, led by significant growth in the United States which has the world’s largest pipeline.

Globally there are 5,287 Projects/986,913 Rooms Under Construction, up 1% by projects and 3% by rooms. Projects scheduled to Start Construction in the Next 12 Months, at 3,041 Projects and 440,632 Rooms, increased significantly, up 30% by projects and 25% by rooms. Projects in Early Planning, with 2,802 Projects/472,251 Rooms, is up 8% by projects and 9% by rooms.

About Lodging Econometrics

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: Peter Martin

pmartin@lodgingeconometrics.com/+1 603-427-9553

Related News:

As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.