According to a recent China Construction Pipeline Trend report from Lodging Econometrics (LE), the China Pipeline at Q1 2016 has 2,448 Projects/549,222 Rooms, down 8% by projects and 1% by rooms Year-Over-Year (YOY). This is the second consecutive quarter of YOY decline. Â
Hotels Under Construction, at 1,789 Projects with 375,638 Rooms, constitutes 68% of China’s pipeline rooms and is down 9% YOY.
Reflecting concerns about the slowdown in the economy and the availability of financing, announced projects are slow to migrate forward up the Pipeline towards construction. As a result, projects scheduled to Start in the Next 12 Months, 294 Projects/71,471 Rooms, and in Early Planning, 365 Projects/102,113 Rooms, hit new cyclical highs.
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[…] unchanged by project counts YOY. At the close Q422, there are 6,035 projects/1,091,929 rooms currently under construction worldwide, down 1% by projects and 4% by rooms YOY. Projects scheduled to start […]
[…] unchanged by project counts YOY. At the close Q422, there are 6,035 projects/1,091,929 rooms currently under construction worldwide, down 1% by projects and 4% by rooms YOY. Projects scheduled to start […]
[…] unchanged by project counts YOY. At the close Q422, there are 6,035 projects/1,091,929 rooms currently under construction worldwide, down 1% by projects and 4% by rooms YOY. Projects scheduled to start […]
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