Shanghai Leads China’s Construction Pipeline Followed by Guangzhou, Chengdu and Beijing
Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline that the Total Pipeline has 2,435 Projects/538,836 Rooms, up 5% Year-Over-Year (YOY).
There are 1,732 Projects/364,809 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 308 Projects/69,972 Rooms, up by one project YOY, while projects in Early Planning at 395 Projects/104,055 Rooms are up by 9%.
The top hotel companies in China's Construction Pipeline are: Hilton Worldwide with 292 Projects/72,382 Rooms, Marriott International with 272 Projects/76,595 Rooms, and InterContinental Hotels Group (IHG) with 203 Projects/54,778 Rooms. The largest brand in the Pipeline for each of the these companies are: Hilton's Hampton Inn & Suites with 110 Projects/16,724 Rooms, Marriott's full-service hotel with 59 Projects/18,429 Rooms, and IHG's Holiday Inn Express with 61 Projects/13,575 Rooms.
Cities in China with the largest pipelines are: Shanghai with 117 Projects/24,009 Rooms, Guangzhou with 107 Projects/25,684 Rooms, Chengdu with 93 Projects/21,139 Rooms, Suzhou with 82 Projects/16,550 Rooms and Beijing with 77 Projects/13,140 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].
