Top five markets with the largest total hotel construction pipelines by projects are: Dallas, Atlanta, Los Angeles, New York City, and Houston.
Franchise companies leading the U.S. construction pipeline with the greatest number of new construction projects are Marriott, Hilton and IHG.
China’s total hotel construction pipeline dipped slightly at the end of Q4 ’20, down 4% by projects and 1% by rooms year-over-year (YOY).
Rooms under construction are at an all-time high of 967 projects/157,833 rooms.
As the United States grappled with the ongoing coronavirus pandemic, an election, civil unrest, and the large and rapid partisan shift.
The Middle East’s pipeline is down for the fifth consecutive quarter.
At the close of Q3 2020, the top five U.S. markets are Dallas, Los Angeles, New York City, Atlanta and Houston.
Analysts at Lodging Econometrics state in the Q2’20 Latin America Hotel Construction Pipeline Trend Report, that the total construction pipeline is down 4% by projects and rooms, year-over-year.