Global Hotel Construction Pipeline Shows Modest Growth, Up 6 Percent by Projects YOY
December 21, 2016 8:35am
December 21, 2016 – PORTSMOUTH, NH
The Total Global Pipeline has 11,547 Projects/1,953,784 Rooms, up 6% by projects and 4% by rooms Year-Over-Year (YOY) according to the recent Global Construction Pipeline Trend Report from Lodging Econometrics (LE), who tabulates the Construction Pipeline and Census with complete ownership detail for 196 countries worldwide.
For hotels currently Under Construction, the Global Pipeline has 5,417 Projects/1,008,948 Rooms, both within 1% of last year's Total. However, there are 3,514 Projects/504,938 Rooms Scheduled to Start Construction in the Next 12 Months, up 22% by projects and 19% by rooms. Projects in Early Planning, 2,616 Projects/439,898 Rooms, are down 1% by projects and 34% by rooms.
Tags: global hotel 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
The Americas, Asia Pacific and EMEA Are the Top World Regions in the Global Hotel Construction Pipeline
7% Year-Over-Year Growth in the Global Construction Pipeline
Construction Pipeline Growth in China and Its Major Cities Shows Marginal Growth Up 2% Year-Over-Year
Marriott, AccorHotels and IHG Top Asia Pacific Construction Pipeline, Excluding China
Asia Pacific's Top Countries and Cities for Hotel Construction Excluding China
The Asia Pacific Hotel Construction Pipeline Excluding China Continues Double Digit Increases Year-Over-Year
Top Countries & Cities in the Middle East and Africa Hotel Construction Pipelines Are Saudi Arabia, UAE and Qatar
Marriott, Hilton and AccorHotels Lead Construction Pipeline in the Middle East and Africa
The Middle East and Africa Hotel Construction Pipelines Continue to Grow
Germany Leads Europe's Hotel Construction Pipeline; London Ranks as Top City
Europe's Hotel Construction Pipeline Is Healthy and Continues to Rise
Latin America's Hotel Construction Pipeline Is Stalling; Down 8% by Projects YOY
2.5% Growth Rate of New Hotel Openings Expected in 2018 and 2019 in the United States
Extended-Stay Hotels Account for 27% of All Projects Under Construction in the United States
43% of All U.S. Hotel Construction Projects Are Upper Midscale
Total Construction Pipeline in Canada Up 11% by Projects YOY
Marriott Leads U.S. Construction Pipeline With 1,383 Projects Followed by Hilton and IHG
U.S. Markets With the Largest Construction Pipelines & Highest 2018 Growth Rates
The U.S. Construction Pipeline Showed Healthy Growth in the First Quarter
North America Tops Global Construction Pipeline With 6,226 Projects Followed by Asia Pacific and EMEA
Please login or register to post a comment.