While the region’s road to recovery thus far has been longer than originally expected, recent statistics suggest there is a brighter future ahead.
Top five markets with the largest total hotel construction pipelines by projects are: Dallas, Atlanta, Los Angeles, New York City, and Houston.
Franchise companies leading the U.S. construction pipeline with the greatest number of new construction projects are Marriott, Hilton and IHG.
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.
Currently at the lowest number of projects in the Latin America construction pipeline since the first quarter of 2012.
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).
Rooms under construction are at an all-time high of 967 projects/157,833 rooms.
As the United States grappled with the ongoing coronavirus pandemic, an election, civil unrest, and the large and rapid partisan shift.
The Middle East’s pipeline is down for the fifth consecutive quarter.