Global Hotel Construction Pipeline Growing with Projects up 8% YOY
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.
About Lodging Econometrics (LE)
For over 25 years, Lodging Econometrics (LE) has been the industry-leading provider of global hotel intelligence and decision-maker contact information. LE custom-builds business development database programs for hotel franchise companies looking to accelerate their brand growth, hotel ownership and management companies seeking to expand their real estate portfolios, and lodging industry vendors wanting to increase their sales. To learn more about our business development programs contact us: +1 603.431.8740, ext 0025 or [email protected].
