Global Hotel Construction Pipeline Growing with Projects up 8% YOY
September 22, 2017 11:42am
September 22, 2017 – PORTSMOUTH, NH – Lodging Econometrics' (LE) Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world, states that the Total Pipeline stands at 12,190 Projects/2,029,231 Rooms, up 8% by projects Year-Over-Year (YOY).
There are 5,691 Projects/1,048,457 Rooms Under Construction, up 9% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,879 Projects/557,958 Rooms, are up a strong 14% while projects in Early Planning at 2,620 Projects/422,816 Rooms are down just 12 projects, less than 1%, YOY.
The leading franchise companies in the Global Construction Pipeline by project-count are: Marriott International with 2,239 Projects/377,820 Rooms, Hilton Worldwide with 1,996 Projects/299,676 Rooms, InterContinental Hotels Group (IHG) with 1,347 Projects/203,438 Rooms and Choice Hotels with 536 Projects/44,262 Rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 331 Projects/35,232 Rooms, Hilton’s Hampton Inn & Suites with 544 Projects/66,381 Rooms, IHG’s Holiday Inn Express with 605 Projects/72,148 Rooms, and Choice’s Comfort Suites with 122 Projects/10,270 Rooms.
Tags: lodging econometrics,
global construction pipeline,
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: Emily Dennison
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