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.
Global construction projects in early planning on record high
Total global construction pipeline stands at 14,117 projects/2,293,131 rooms, up 5% by projects and 2% by rooms year-over-year (YOY). Â
What’s leading hotel construction projects in the Middle East?
The total hotel construction projects in the Middle East stand at 545 projects/140,055 rooms, up 3% by projects year-over-year (YOY).
Europe continues steady increase in new hotel openings in 2022
Analysts report that at the close of the second quarter of 2022, Europe continues to show steady growth in new hotels opening in 2022.
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.
Marriott International projects lead the U.S. hotel construction pipeline
Marriott International leads the U.S. hotel construction pipeline in the recently released Q2 2022 based on Lodging Econometrics.
U.S. hotel construction pipeline is packed as travel recovers
The total U.S. construction pipeline up 9% Year-Over-Year (YOY) by projects and 4% YOY by rooms at the close of 2022’s second quarter.
China’s hotel construction pipeline hits new all-time high
China’s total construction pipeline is booming despite growing concerns about the economic slowdown. @LodgingEconomet
European pipeline soars despite economic slowdown throughout the region
The record counts come despite concerns of slower growth throughout the region, shrinking demand for the region’s exports, Brexit uncertainties, and political tensions in many countries. @LodgingEconomet
Houston: third highest hotel construction pipeline in the US
Houston has a total of 150 projects/16,473 rooms in the construction pipeline, the third highest in the U.S. behind New York City and Dallas. @LodgingEconomet
