Lodging Econometrics (LE) has released its Q4 year-end Global Construction Pipeline Trend Report. At the close of 2022, LE analysts state that the total global construction pipeline stands at 14,267 projects, a 4% increase year-over-year (YOY), with 2,298,846 rooms. The global pipeline has remained relatively flat for three consecutive years, following the onset of the COVID-19 pandemic, after reaching peak project and room counts in Q4 2019. However, three of the seven world regions tracked by LE, the United States, Canada, and Asia Pacific, continue to have pipelines trending upward, YOY. The remaining regions stayed largely unchanged by project counts YOY.
What hotel owners need to know about ROI projects
Here are the critical areas hotel owners need to know about ROI projects. After evaluating the various aspects of a potential investment, management can calculate the guaranteed return and move forward with the undertaking.
China’s hotel pipeline shows second consecutive quarter of YOY decline
According to a recent China Construction Pipeline Trend report from Lodging Econometrics (LE), the China Pipeline at Q1 2016 has 2,448 Projects/549,222 Rooms, down 8% by projects and 1% by rooms Year-Over-Year (YOY).