china hotel development
China’s Hotel Construction Pipeline Hits Record High Upscale and Upper Midscale Project Counts at Q2 2022
Lodging Econometrics (LE) | August 18, 2022
August 18, 2022 – PORTSMOUTH, NH According to the latest Construction Pipeline Trend Report from Lodging Econometrics (LE), the total China hotel construction pipeline stands at 3,693 projects/701,974 rooms. At the end of the second quarter, the country’s construction pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the first quarter (2022) and is up 7% by projects year-over-year (YOY) and 6% YOY by rooms. Projects presently under construction are at 2,581 projects/470,021 rooms, each up 7% YOY, projects starting construction in the next 12 months are at 510 projects/97,607 rooms, and projects ...
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