According to Lodging Econometrics, Europe ends 2022’s first quarter with 11% decrease by rooms year-over-year.
China’s hotel construction pipeline hits record high
At the end of Q1 ‘22, China’s total hotel construction pipeline reached record high project and room counts.
APAC hotel construction pipeline shows YOY growth
Hotel construction pipeline in the Asia Pacific region, excluding China, is up 7% by projects and 9% by rooms Year-Over-Year.
Marriott, Hilton, and IHG lead U.S. construction pipeline
These three companies combined account for 67% of the projects and 66% of the rooms in the total U.S. construction pipeline.
U.S. hotel construction down 48,000 rooms
The number of U.S. hotel rooms in construction is down roughly 48,000 from the country’s all-time high in April 2020.
China’s hotel construction pipeline hits all-time high
Analysts at Lodging Econometrics report that at the end of the first half of 2019, China’s total construction pipeline swelled to 2,991 projects/592,884 rooms, up 19% by projects and 7% by rooms year-over-year (YOY), both at all-time highs, amidst an economic slowdown.
Europe’s hotel construction pipeline continues to boom
The total pipeline increased a robust 18 per cent by projects and 21 per cent by rooms year-over-year. @LodgingEconomet
Nod for Olympic Winter Games 2022 good news for China hotel pipeline
There are currently 676 new top hotels and luxury resorts with about 205,000 rooms in the pipeline in China, with 19 projects in Beijing alone.
Asia Pacific hotel construction pipeline a record breaker
The Asia Pacific region has more rooms under construction than all other regions of the world combined, with IHG, Hilton and Marriott leading the surge.
New hotel building boom in the world’s finance centers
According to data revealed by TOPHOTELPROJECTS, a provider of global b2b hotel data, New York City leads the list of new first class and luxury hotels by a wide margin with 83.
