According to analysts at Lodging Econometrics, Canada’s hotel construction pipeline continued to expand at the close of Q2’20.
U.S. hotel construction pipeline remains robust
Remarkably, despite some project cancelations, postponements, and delays, there has been minimal impact on the U.S. construction pipeline. Contrary to what is being experienced with hotel operations, the pipeline remains robust as interest rates are at all-time lows.
China’s hotel construction pipeline hits all-time high
Analysts at Lodging Econometrics (LE) report that despite the COVID-19 outbreak, China’s total construction pipeline continues to expand to an all-time high of 3,533 projects.
U.S. hotel construction pipeline continued to expand despite COVID-19*
In the first quarter of 2020, the U.S. opened 144 new hotels with 16,305 rooms. While the COVID-19 pandemic has slowed development, it has not completely stalled it. There were still 312 new projects with 36,464 rooms announced into the pipeline in the first quarter.
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.
Leading brands in U.S. hotel construction pipeline
Marriott leading the game in United States hotel construction pipeline.
