Shanghai Leads China's Construction Pipeline Followed by Guangzhou, Chengdu and Beijing
December 7, 2017 12:00pm
December 7, 2017 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline that the Total Pipeline has 2,435 Projects/538,836 Rooms, up 5% Year-Over-Year (YOY).
There are 1,732 Projects/364,809 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 308 Projects/69,972 Rooms, up by one project YOY, while projects in Early Planning at 395 Projects/104,055 Rooms are up by 9%.
The top hotel companies in China’s Construction Pipeline are: Hilton Worldwide with 292 Projects/72,382 Rooms, Marriott International with 272 Projects/76,595 Rooms, and InterContinental Hotels Group (IHG) with 203 Projects/54,778 Rooms. The largest brand in the Pipeline for each of the these companies are: Hilton’s Hampton Inn & Suites with 110 Projects/16,724 Rooms, Marriott’s full-service hotel with 59 Projects/18,429 Rooms, and IHG’s Holiday Inn Express with 61 Projects/13,575 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.
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
North America Tops Global Construction Pipeline With 6,226 Projects Followed by Asia Pacific and EMEA
7% Year-Over-Year Growth in the Global Construction Pipeline With 12,631 Projects in Total Pipeline
Growth Remains Steady for China’s Construction Pipeline With Projects Up 6% YOY
Asia Pacific Pipeline Excluding China Is Booming With Projects Up 13% YOY
Europe Hotel Construction Pipeline Booming With 22% YOY Growth and Middle East Pipeline Up With 11% YOY Growth
Latin America's Construction Pipeline Stalling With Pojects Down 5% YOY
Projects in Canada's Construction Pipeline Up 17% YOY
Mid-Market Brands Led Hotel Sales Volume in 2017
Orlando Tops 2017 Markets with 21 Hotels Sold and Average Selling Price Per Room of $96,402
Hotel Sales Volume Declines, Average Price Per Room Increases Moderately
Extended-Stay Hotels Account for 27% of All Projects Under Construction
2.5% Growth Rate of New Hotel Openings Expected in 2018 & 2019
Upper Midscale and Upscale Projects Lead the U.S. Construction Pipeline Comprising 67% of Total Pipeline
Marriott, Hilton and IHG Lead U.S. Construction Pipeline Comprising 69% of Total Pipeline
Marriott Boasts Largest Franchise in U.S. Construction Pipeline with 1,410 Projects Total
The Year-End U.S. Hotel Construction Pipeline Continues Its Upward Growth Trend, Projects Up 4% YOY
North America, Asia Pacific and EMEA Lead World Regions in Global Hotel Construction Pipeline
Global Hotel Construction Pipeline Up 8% YOY with 12,427 Projects
Asia Pacific Construction Pipeline Excluding China Up 15% by Projects YOY
Middle East Construction Pipeline Shows Growth with Projects Up 12% YOY
Please login or register to post a comment.