Construction Pipeline Growth In China Continues To Be Steady
Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline Trend Report, the Total Pipeline has 2,471 Projects/548,628 Rooms, up 6% by project Year-Over-Year (YOY).There are 1,743 Projects/374,156 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 365 Projects/80,216 Rooms, up 28% by project YOY, while projects in Early Planning at 363...
PORTSMOUTH, NH -- Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline Trend Report, the Total Pipeline has 2,471 Projects/548,628 Rooms, up 6% by project Year-Over-Year (YOY).
There are 1,743 Projects/374,156 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 365 Projects/80,216 Rooms, up 28% by project YOY, while projects in Early Planning at 363 Projects/94,256 Rooms are down 5%.
The top hotel companies in China's Construction Pipeline are: Hilton Worldwide with 327 Projects/77,270 Rooms, InterContinental Hotels Group (IHG) with 281 Projects/69,893 Rooms and Marriott International with 268 Projects/75,472 Rooms. The largest brand in the Pipeline for each of the these companies are: Hilton's Hampton Inn & Suites with 145 Projects/22,412 Rooms, IHG's Holiday Inn Express with 124 Projects/24,285 Rooms and Marriott's full-service hotel with 60 Projects/18,671 Rooms.
Cities in China with the largest pipelines are: Shanghai with 132 Projects/25,367 Rooms, Guangzhou with 106 Projects/25,015 Rooms, Chengdu with 93 Projects/20,788 Rooms, Hangzhou with 79 Projects/17,996 Rooms, Suzhou with 75 Projects/14,360 Rooms and Beijing with 72 Projects/13,009 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].