Hotel Construction Pipeline Shows Modest Growth

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.