Global Construction Pipeline Shows Steady Increase with Projects Up by 6 Percent YOY for 2016
March 28, 2017 1:42pm
March 28, 2017 – PORTSMOUTH, NH – The Lodging Econometrics (LE) Global Construction Pipeline Trend Report stated that the Total Pipeline ended 2016 with 11,776 Projects/1,962,676 Rooms, up 6% by projects Year-Over-Year (YOY). There were 5,504 Projects/1,012,987 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,675 Projects/516,709 Rooms, were up a strong 21% while projects in Early Planning at 2,597 Projects/432,980 Rooms were down 7% by projects.
The leading franchise companies in the Global Construction Pipeline by project-count are: Marriott International with 2,190 Projects/368,077 Rooms, Hilton Worldwide with 1,841 Projects/283,326 Rooms, InterContinental Hotels Group (IHG) with 1,351 Projects/209,208 Rooms and Choice Hotels with 488 Projects/42,933 Rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 342 Projects/35,703 Rooms, Hilton’s Hampton Inn with 489 Projects/57,222 Rooms, IHG’s Holiday Inn Express with 602 Projects/73,282 Rooms, and Choice’s Comfort Inn with 117 Projects/11,239 Rooms.
The top countries by room-count are the United States with 598,688 Rooms/4,960 Projects and China with 525,640 Rooms/2,340 Projects. The U.S. accounts for 30% of the rooms in the Global Pipeline while China accounts for 27%, resulting in 57% of the Global Pipeline being concentrated in just two countries.
The cities with the largest pipeline room counts are: Dubai with 32,899 Rooms/117 Projects, New York with 30,541 Rooms/192 Projects, Seoul with 30,456 Rooms/154 Projects, Shanghai with 23,252 Rooms/125 Projects and Sanya with 22,629 Rooms/60 Projects.
Tags: lodging econometrics,
construction pipeline trend report
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
China Construction Pipeline Remains Steady Despite Total Pipeline Drop of 7 Projects YOY
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
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.