Lodging Econometrics’ Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world, states that the total global pipeline stands at 12,631 projects totaling 2,127,794 rooms—up 7 percent by projects year-over-year (YOY).
The number of projects under construction is up 6 percent YOY and stands at 5,847 projects/1,101,707 rooms. Projects scheduled to start construction in the next 12 months are up 2 percent and stand at 3,744 projects/548,876 rooms. Projects in early planning stages are up 17 percent YOY at 3,040 projects/477,211 rooms.
The franchise companies with the most projects in the global construction pipeline are: Marriott International with 2,405 projects/400,822 rooms; Hilton Worldwide with 2,108 projects/315,603 rooms; InterContinental Hotels Group (IHG) with 1,491 projects/224,239 rooms; and AccorHotels with 809 projects/151,416 rooms.
The leading brands for each of these companies in the global construction pipeline are: Marriott’s Fairfield Inn with 364 projects/38,986 rooms; Hilton’s Hampton Inn & Suites with 570 projects/71,795 rooms; IHG’s Holiday Inn Express with 710 projects/87,150 rooms; and Accor’s Ibis with 156 projects/23,863 rooms.