China Construction Pipeline Remains Steady Despite Total Pipeline Drop of 7 Projects YOY
June 26, 2017 2:55pm
June 26, 2017 – PORTSMOUTH, NH
Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline that the Total Pipeline has 2,441 Projects/534,285 Rooms, down just 7 projects Year-Over-Year (YOY).
There are 1,722 Projects/360,379 Rooms Under Construction, down 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 323 Projects/72,323 Rooms, up 10%, while projects in Early Planning at 396 Projects/101,583 Rooms are up by 8%.
The top hotel companies in China’s Construction Pipeline are: Marriott International with 240 Projects/69,051 Rooms, InterContinental Hotels Group (IHG) with 215 Projects/58,481 Rooms, and Hilton Worldwide with 266 Projects/67,909 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott’s Sheraton Hotels with 50 Projects/15,901 Rooms, IHG’s Holiday Inn with 55 Projects/15,305 Rooms and Hilton’s full-service hotel with 64 Projects/23,153 Rooms.
Cities in China with the largest pipelines are: Shanghai with 133 Projects/25,406 Rooms, Guangzhou with 116 Projects/22,727 Rooms, Chengdu with 92 Projects/21,918 Rooms, Sanya with 57 Projects/20,324 Rooms and Suzhou with 90 Projects/17,220 Rooms.
Tags: lodging econometrics,
china construction pipeline
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
Europe's Construction Pipeline Steady Showing 13 Percent Increase YOY
Canada's Construction Pipeline Is on the Upswing
Asia Pacific Construction Pipeline Excluding China Remains Steady With Projects Up 1% YOY
U.S. Hotel Supply Forecast for 2017 Shows 22 Percent Increase Over Total Number of Openings Last Year
Upper Midscale Category Leads Construction Pipeline with 2,067 Projects/205,662 Rooms Followed by Upscale with 1,246 Projects/161,229 Rooms
Marriott Takes Top Spot for Franchise Companies with Most Rooms in Construction Pipeline Trend Report
New York Has the Most New Hotel Openings Forecasted for 2017 & Marriott Has Largest Construction Pipeline
United States Construction Pipeline Continues Moderate Growth with Hotel Projects Up 13 Percent YOY
Global Construction Pipeline Shows Steady Increase with Projects Up by 6 Percent YOY for 2016
Asia Pacific Pipeline Continues Moderate Decline with Projects Down 2 Percent YOY
New York Boasts Largest Hotel Construction Pipeline in U.S. at Year-End 2016
Moderate Growth Continues in the Hotel Construction Pipeline with Projects Up by 12% YOY
Hotel Construction Pipeline in Latin America is Steady with 892 Projects, Up 3 Percent YOY
Marriott Takes Top Spot Leading Franchise Companies in Global Hotel Construction Pipeline with 2,021 Projects
Dubai Tops List for Largest Construction Pipeline in Middle East with 110 Projects /31,555 Rooms
Global Hotel Construction Pipeline Shows Modest Growth, Up 6 Percent by Projects YOY
Seoul Remains Top City for Hotel Construction Pipeline in Asia Pacific with 159 Projects
Los Angeles Has More Pipeline Rooms in Early Planning Than Any Other Market
Sao Paulo Leads Latin America's Hotel Construction Pipeline with 38 Projects Followed by Campinas, Brazil and Rio de Janeiro
The Middle East's Top Three Cities with Largest Construction Pipelines are Dubai; Riyadh, Saudi Arabia; and Doha, Qatar
Please login or register to post a comment.