As seen in Lodging Econometrics’ (LE’s) most recent Asia Pacific Construction Pipeline Trend Report, excluding China, analysts state that the region ended the first quarter of 2023 with 1,885 projects/394,235 rooms in the total pipeline.
The Backend of the Latin America Hotel Construction Pipeline grows and renovations and brand conversions tick upward
According to Lodging Econometrics’ (LE’s) Construction Pipeline Trend Report for Q1 2023, the hotel construction pipeline in Latin America, quarter-over-quarter, has increased 2% by projects and 3% by rooms. The Latin America hotel construction pipeline, at the close of Q1 2023, stands at 546 projects/90,139 rooms, however, down slightly 3% by projects and 2% by rooms year-over-year (YOY).
Canada ends 2022 with record project counts of the Hotel construction pipeline
According to the Q4 2022 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), LE analysts report that Canada’s total construction pipeline stands at 267 projects/35,758 rooms, up 2% by projects and 1% by rooms year-over-year (YOY).
China’s Hotel Construction Pipeline Hits Record High at Q2 2022
The latest Construction Pipeline Trend Report showed that the total China hotel construction pipeline stands at 3,693 projects/701,974 rooms.
Asia Pacific’s Hotel Construction Pipeline Reach Record High
Recent Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report showed that the region’s total construction pipeline improved.
Province of Ontario leads Canada’s hotel construction pipeline
At the close of the first quarter, projects under construction in Canada stand at 62 projects/8,114 rooms.
Dallas continues to lead the U.S. hotel construction pipeline
Following Dallas, the U.S. markets with the largest hotel construction pipelines by project count are Atlanta, Los Angeles, New York, and Phoenix.
Hotel construction pipeline projects up year-on-year
According to the Q1 2022 Construction Pipeline Trend Report for the United States from Lodging Econometrics, the total U.S. construction pipeline stands at 5,090 projects.
Decline continues in U.S. hotel construction, but planning activity is up
Planning activity continues to rise nationally with markets like Miami, Phoenix and San Francisco showing increased interest from developers.
Global hotel construction pipeline even year on year
Year-over-year the total global pipeline decreased 1% by projects and is largely unchanged by rooms.