Lodging Daily News

Lodging Econometrics has released its Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world. Currently, the regions with the most hotel projects in the construction pipeline are North America with 6,226 projects/797,949 rooms, Asia Pacific with 4,231 projects/911,454 rooms, and Europe, the Middle East, and Africa (EMEA) with 2,174 projects/418,391 rooms.

The countries with the most hotel construction projects are the United States with 5,151 projects/623,695 rooms and China with 2,519 projects/560,664 rooms. The United States accounts for 41 percent of hotel projects in the global pipeline while China accounts for 20 percent, so that 61 percent of the global pipeline is concentrated in just two countries.

The cities with the largest hotel construction pipelines are: New York with 180 projects/30,699 rooms, Dallas with 149 projects/17,860 rooms, Houston with 146 projects/15,714 rooms, Dubai with 143 projects/40,631 rooms, and Shanghai 132 projects/25,367 rooms.

The total hotel construction pipeline in Canada currently has 244 projects totaling 32,170 rooms, up 17 percent by projects year-over-year (YOY), according to Lodging Econometrics.

The number of projects under construction in Canada is up 19 percent YOY, totaling 87 projects and 11,286 rooms Under Construction. Hotels scheduled to start construction in the next 12 months are up 15 percent at 91 projects/10,536 rooms. The number of hotel projects in early planning stages in Canada is up 18 percent YOY at 66 projects/10,348 rooms.

The hotel companies with the most projects in Canada’s construction pipeline are: Marriott with 54 projects/7,764 rooms, InterContinental Hotels Group (IHG) with 43 projects/4,436 rooms, and Hilton with 37 projects/4,218 rooms. The largest brands in the pipeline for each of these companies are: Courtyard by Marriott with 110 projects/1,597 rooms, IHG’s Holiday Inn Express with 30 projects/3,129 rooms, and Hilton’s Hampton Inn & Suites with 12 projects/1,231 rooms.

Cities in Canada with the largest hotel pipelines are: Toronto with 36 projects/5144 rooms, Calgary with 14 projects/2,221 rooms, and Edmonton with 12 projects/1,825 rooms.

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.

According to Lodging Econometrics, the number of hotel projects in Latin America’s construction pipeline is down 5 percent year-over-year (YOY) to 831 projects totaling 142,084 rooms.

The number of projects under construction is down 9 percent YOY at 374 projects/67,130 rooms. Meanwhile, the number of hotel projects scheduled to start construction in the next 12 months is up 23 percent at 208 projects/31,614 rooms, while those in early planning stages are down 16 percent YOY at 249 projects/43,340 rooms.

The hotel companies with the most hotel construction projects in Latin America are: AccorHotels with 136 projects/19,729 rooms, Marriott International with 99 projects/16,054 rooms, and Hilton Worldwide with 70 projects/11,076 rooms. The largest brands in the pipeline for each of these companies are: Accor’s Ibis with 54 projects/7,158 rooms, Hilton Garden Inn with 21 projects/3,080 rooms, and Courtyard by Marriott with 14 projects/2,037 rooms.

The countries with the most hotels in the construction pipeline in Latin America are: Brazil with 274 projects/45,670 rooms, Mexico with 186 projects/32,950 rooms, and Colombia with 68 projects/10,600 rooms. The Latin American cities with the largest pipelines are: Lima, Peru with 31 projects/4,988 rooms; Sao Paulo, Brazil with 26 projects/4,718 rooms; and Campinas, Brazil with 20 projects/3,741 rooms.

Lodging Econometrics’ most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the total pipeline for the region has 1,760 projects/362,826 rooms, up 13 percent by projects year-over-year (YOY). Analysts at Lodging Econometrics say these numbers establish a new record peak for this cycle.

The number of projects under construction is up 15 percent YOY at 971 projects/211,827 rooms. Projects scheduled to start construction in the next 12 months are at 393 projects/78,881 rooms, up 21 percent, while projects in early planning phases are at 396 projects/72,118 rooms, up 3 percent YOY.

The top three countries in the Asia Pacific hotel construction pipeline, excluding China, are: Indonesia with 440 projects/73,892 rooms; India with 213 projects/33,649 rooms; and Japan with 201 projects/42,350 rooms. Cities with the largest pipelines are: Jakarta with 112 projects/21,044 rooms; Seoul with 95 projects/17,657 rooms; and Tokyo with 61 projects/14,485 rooms.

The top hotel companies in the Asia Pacific construction pipeline, excluding China, are: Marriott International with 230 projects/54,568 rooms; AccorHotels with 223 projects/46,288 rooms; and InterContinental Hotels Group (IHG) with 120 projects/27,298 rooms. The largest brands in the pipeline for each of these companies are: IHG’s Holiday Inn with 50 projects/12,289 rooms; Accor’s Ibis Styles with 49 projects/9,752 rooms; and Courtyard by Marriott with 32 projects/6,591 rooms.

Fred Grapstein has been elected as the new chairman of the Hotel Association of New York City. Grapstein, executive vice president of Vornado Realty Trust’s Hospitality Group, has been a board member of the Hotel Association for more than five years and a longtime member of the Hospitality Council of New York. He brings a wealth of financial and operating experience to the role.

For more notable hospitality comings and goings that took place this past week, click here.