According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the worldwide pipeline is at 11,130 projects and 1.9 million rooms, the highest level LE has ever recorded. The Global Pipeline is up 9 percent year-over-year (YOY) by both projects and rooms, lead by significant growth in the United States which has the world’s largest pipeline.
Globally there are 5,287 projects and 986,913 rooms under construction, up 1 percent by projects and 3 percent by rooms. Projects scheduled to start construction in the next 12 months, at 3,041 projects and 440,632 rooms, increased significantly, up 30 percent by projects and 25 percent by rooms. Projects in early planning, with 2,802 projects and 472,251 rooms, is up 8 percent by projects and 9 percent by rooms.
