U.S. Leads Global Construction Pipeline with 40% of World's Growth
June 20, 2016 1:03pm
June 20, 2016 – PORTSMOUTH, NH - According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the worldwide Pipeline is at 11,196 Projects/1.9 million Rooms, the highest level LE has ever recorded. The Global Pipeline is up 5% Year-Over-Year (YOY) by projects and 6% by rooms. Growth is led by the United States which now has 40% of the world’s and 29% of its rooms in the Pipeline.
Globally there are 5,277 Projects/990,669 Rooms currently Under Construction, down 1% by projects and up 1% by rooms. Projects scheduled to Start Construction in the Next 12 Months, at 3,214 Projects and 466,129 Rooms, is up 24% by projects and 22% by rooms. Projects in Early Planning, with 2,705 Projects/462,016 Rooms, is down 1% by projects and up 3% by rooms.
Tags: lodging econometrics,
global construction pipeline trend report
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
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