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Friday, June 24, 2022

Global pipeline up 5%

The global hotel construction pipeline stood at 14,779 projects/2,412,736 rooms, up by 5% by projects and 4% by rooms, according to Lodging Econometrics.

Under Construction was at an all-time high room count, with 1,230,572 rooms/6,896 projects.

The top countries by project count were the US with 5,582 projects/687,801 rooms and China reaching a new all-time high with 3,574 projects/647,704 rooms. Sixty-two per cent of all global projects in the pipeline are found within these two countries. The US accounted for 38% of projects in the total global construction pipeline while China accounts for 24%.

Distantly following was the UK with 350 projects/52,398 rooms, Indonesia with 345 projects/56,373 rooms and Germany with 296 projects/39,645 rooms.

The leading companies in the global construction pipeline by project count were Marriott International with 2,682 projects/452,459 rooms, Hilton with 2,532 projects/378,124 rooms; InterContinental Hotels Group with 1,798 projects/263,057 rooms; and AccorHotels with 886 projects/157,362 rooms. These four companies accounted for 53% of all projects in the global pipeline.

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