As seen in Lodging Econometrics’ (LE’s) Q2 2024 Hotel Construction Pipeline Trend Report for China, the country’s hotel construction pipeline has reached unprecedented heights at the close of the second quarter. The pipeline stands at a record-high 3,815 projects with 699,786 rooms, marking a 4% increase in projects and 3% in rooms year-over-year (YOY).According to the Q2 report, projects under construction have hit a new all-time high of 2,743 projects with 498,551 rooms, accounting for 72% of the projects in China’s total pipeline and growing 3% by projects and 4% by rooms YOY. Projects scheduled to start construction in the next 12 months stand at 390 projects/70,520 rooms at Q2, up 9% by projects and 10% by rooms YOY. Projects in early planning grew 4% YOY at Q2 to close the quarter at 682 projects/130,715 rooms.