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.
Europe’s hotel construction pipeline sees slight decline
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.
Latin America’s hotel construction pipeline
Latin America hotel construction pipeline is down 7% by projects and 11% by rooms, year-over-year at the end o Q1 2022.
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.
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.
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.
