According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics (LE), at the close of the second quarter, the hotel construction pipeline stands at 5,572 projects/660,061 rooms, with projects up 7% year-over-year (YOY) and rooms up 6% YOY.
New Project announcements and record early planning project counts fuel Canada’s Hotel Construction Pipeline
As reported in the recently released Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), at the close of Q1 2023, the country’s hotel construction pipeline currently stands at 283 projects/37,683 rooms. Canada’s total construction pipeline increased 10% by projects and 5% by rooms year-over-year (YOY).
Top three chain scales in the AP Hotel Construction Pipeline, excluding China, each hit peak project counts at the end of Q4
According to the Q4 2022 Construction Pipeline Trend Report for the Asia Pacific region, excluding China, from Lodging Econometrics (LE), the region’s total construction pipeline stands at 1,903 projects/404,222 rooms, up 5% by projects and 2% by rooms year-over-year (YOY).
Upscale projects in China’s hotel construction pipeline reach new all-time high
In the recently released China Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the country’s total hotel construction pipeline, at the close of the fourth quarter, stands at 3,581 projects/675,074 rooms.
Larger scale projects dominate the Middle East Hotel construction pipeline
According to the Q3 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, the hotel construction pipeline in the region stands at 535 projects/134,897 rooms.
Asia Pacific’s Hotel construction pipeline, excluding China, is up 7%
According to the recent Q3 2022 close of the Construction Pipeline Trend Report for the Asia Pacific region from Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, stands at 1,881 projects/401,545 rooms, up 7% by projects and 5% by rooms Year-Over-Year (YOY).
The U.S. hotel construction pipeline shows positive growth year-over-year at Q3 2022 close
According to the third quarter Construction Pipeline Trend Report for the United States from Lodging Econometrics (LE), the U.S. construction pipeline stands at 5,317 projects/629,489 rooms, up 10% by projects and 6% rooms Year-Over-Year (YOY).
U.S. hotel construction continued on a downward trajectory in June
While U.S. hotel construction has declined for seven consecutive months, rooms in construction in both New York City and Nashville represent a significant percentage of those markets’ existing supply.
Hotel pipeline activity down across the global regions
Each of the four world regions showed a year-over-year decline in hotel pipeline activity at the end of the second quarter.
Middle East hotel construction pipeline stalled
72% of the projects in the Middle East are in the top three high-end chain scales of luxury, upper upscale, and upscale.
