While the region’s road to recovery thus far has been longer than originally expected, recent statistics suggest there is a brighter future ahead.
Dallas tops the U.S. hotel construction pipeline in Q3
Top five markets with the largest total hotel construction pipelines by projects are: Dallas, Atlanta, Los Angeles, New York City, and Houston.
Marriott leads with the largest U.S. hotel construction pipeline
Franchise companies leading the U.S. construction pipeline with the greatest number of new construction projects are Marriott, Hilton and IHG.
Early planning stage construction pipeline rise YOY
Lodging Econometrics has released its Global Hotel Construction Pipeline Trend Report, which compiles the hotel construction pipeline counts for every country and market around the world.
The Latin America hotel construction pipeline continues to regress
Currently at the lowest number of projects in the Latin America construction pipeline since the first quarter of 2012.
China’s hotel construction pipeline at the end of 2020
China’s total hotel construction pipeline dipped slightly at the end of Q4 ’20, down 4% by projects and 1% by rooms year-over-year (YOY).
Europe’s hotel construction pipeline increased by 2%
Rooms under construction are at an all-time high of 967 projects/157,833 rooms.
The New York City market is back on top
New York City leads the U.S. hotel construction pipeline as at the end of 2020.
The U.S. Hotel Construction Pipeline at year-end 2020
As the United States grappled with the ongoing coronavirus pandemic, an election, civil unrest, and the large and rapid partisan shift.
Middle East hotel construction pipeline continues to decline
The Middle East’s pipeline is down for the fifth consecutive quarter.
