PORTSMOUTH, N.H.—According to the recent Global Construction Pipeline Trend Report from Lodging Econometrics (LE), who tabulates the Construction Pipeline for 182 countries worldwide, the total pipeline has 11,260 projects/1,919,370 rooms, up 3 percent by projects and rooms year-over-year (YOY).
For hotels currently under construction, the Global Pipeline has 5,232 projects/986,995 rooms, down 2 percent by projects and up 1 percent by rooms YOY. There are 3,396 projects/489,503 rooms scheduled to start construction in the next 12 months, up 19 percent by projects and 17 percent by rooms. Projects in early planning, 2,632 projects/442,872 rooms, are down 2 percent by projects and 4 percent by rooms.
