PORTSMOUTH, NH—Lodging Econometrics (LE) has released its global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, where currently the regions by project count are: The Americas with 6,268 projects/800,298 rooms, Asia Pacific with 4,205 projects/907,867 rooms and EMEA with 2,241 projects/430,837 rooms.
The top countries by project count are the United States with 5,255 projects/636,274 rooms and China with 2,481 projects/546,424 rooms. The U.S. accounts for 41 percent of the projects in the global pipeline while China accounts for 20 percent, resulting in 61 percent of the global pipeline being concentrated in just these two countries. A far distance off from these two countries are Indonesia with 394 projects/66,154 rooms, Germany with 246 projects/47,927 rooms, and United Kingdom with 246 projects/36,585 rooms.
The cities with the largest pipeline project counts are: New York with 169 projects/29,641 rooms, Dubai with 161 projects/ 46,420 rooms, Dallas with 159 projects/19,149 rooms, Houston with 148 projects/16,158 rooms, and Shanghai 129 projects/25,750 rooms.
PORTSMOUTH, NH—The Lodging Econometrics (LE) global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, states that the total pipeline stands at 12,714 projects/2,139,002 rooms, up 7 percent by projects year-over-year (YOY).
There are 5,952 projects/1,115,288 rooms under construction, up 8 percent by projects YOY. Projects scheduled to start construction in the next 12 months, at 3,988 projects/584,433 rooms, are up 6 percent while projects in early planning at 2,774 projects/439,281 rooms are up 5 percent YOY.
The leading 5 franchise companies in the global construction pipeline by project-count are: Marriott International with 2,381 projects/398,238 rooms, Hilton Worldwide with 2,180 projects/322,857 rooms, InterContinental Hotels Group (IHG) with 1,600 projects/234,807 rooms, AccorHotels with 781 projects/140,396 rooms, and Choice Hotels with 629 projects/153,992 rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 357 projects/38,826 rooms, Hilton’s Hampton Inn & Suites with 599 projects/75,642 rooms, IHG’s Holiday Inn Express with 709 projects/86,836 rooms, Accor’s Ibis with 156 projects/22,361 rooms, and Choice’s Comfort Suites with 126 projects/10,983 rooms.
PORTSMOUTH, NH—The most recent Asia-Pacific Construction Pipeline Trend Report, excluding China, finds that the region’s total pipeline has 1,673 projects totaling 349,081 rooms, up 12 percent by projects and 17 percent by rooms year-over-year (YOY), according to Lodging Econometrics.
The number of projects under construction in the Asia-Pacific region is up 19 percent YOY at 959 projects/208,153 rooms. The number of projects scheduled to start construction in the next 12 months is up 26 percent at 368 projects/72,819 rooms, while projects in early planning stages are down 14 percent YOY at 346 projects/68,109 rooms.
RLH Corporation has promoted Amanda Marcello to senior vice president of brand strategy, where she will build programs, standards, and guidelines that will grow value for the company. Marcello has worked with RLH Corporation since 2015, leading the rebranding of Signature and Signature Inn.
Read more notable hospitality comings and goings that took place this week here.
PORTSMOUTH, NH—Analysts at Lodging Econometrics (LE) report that the hotel construction pipelines for the Middle East and Africa continue to grow, resulting in 875 projects/216,045 rooms combined, according to the latest report.
The total Middle East pipeline has 594 projects/170,490 rooms and is up 23 percent by rooms year-over-year (YOY). This is the 16th consecutive quarter of pipeline growth seen by the Middle East. The number of projects under construction in the Middle East is up 13 percent YOY at 358 projects/113,830 rooms. Those scheduled to start construction in the next 12 months are at 127 projects/31,752 rooms, up 9 percent, while projects in early planning stages stand at 109 projects/24,908 rooms—up 31 percent YOY.
Africa’s hotel construction pipeline has 281 projects/45,555 rooms—up 21 percent by projects YOY. The number of projects under construction in Africa is up only 1 percent YOY to 127 projects/21,233 rooms. Those scheduled to start construction in the next 12 months are at 79 projects/11,954 rooms, up 65 percent, while projects in early planning stages stand at 75 projects/12,368 rooms—up 29 percent.
PORTSMOUTH, NH—According to a recent Hotel Construction Pipeline Trend Report for Europe, analysts at Lodging Econometrics state that the region’s total pipeline is climbing steadily with 1,366 projects/214,792 rooms, a 29 percent increase by projects year-over-year (YOY). The pipeline in Europe has nearly doubled since the cyclical low of 687 projects/116,272 rooms recorded in Q3 of 2010.
The number of projects under construction in Europe is up 36 percent YOY at 715 projects/115,869 rooms. The number of projects scheduled to start construction in the next 12 months is up 35 percent at 391 projects/61,928 rooms, while projects in early planning stages are at 260 projects/36,995 rooms, up 7 percent YOY.