PORTSMOUTH, NH—Lodging Econometrics’ 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 12,427 projects/2,084,940 rooms, up 8 percent by projects year-over-year (YOY).
The number of projects under construction around the globe has increased 9 percent since last year to 5,885 projects/1,086,966 rooms. Projects scheduled to start construction in the next 12 months stand at 3,723 projects/538,061 rooms, 6 percent more than last year. Projects in early planning total 2,819 projects/459,913 rooms—up 8 percent YOY.
The franchise companies with the largest number of projects in the Global Construction Pipeline are: Marriott International with 2,274 projects/383,984 rooms, Hilton Worldwide with 2,029 projects/305,229 rooms, InterContinental Hotels Group (IHG) with 1,339 projects/199,045 rooms, and Choice Hotels with 529 projects/43,121 rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 339 projects/36,578 rooms, Hilton’s Hampton Inn & Suites with 543 projects/66,887 rooms, IHG’s Holiday Inn Express with 616 projects/72,370 rooms, and Choice’s Comfort Suites with 114 projects/9,574 rooms.
Cities in China with the largest pipelines are: Shanghai with 117 projects/24,009 rooms, Guangzhou with 107 projects/25,684 rooms, Chengdu with 93 projects/21,139 rooms, Suzhou with 82 projects/16,550 rooms, and Beijing with 77 projects/13,140 rooms.