1.9 million new hotel rooms in global pipeline

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A resort under construction in Florida
A resort under construction in Florida

Developers are planning to add almost two million more hotel rooms to the global inventory in the coming years.

According to the latest Global Construction Pipeline report from Lodging Econometrics (LE), the total of 1.92m new rooms covers 11,260 projects, and marks an increase of 3% compared to this time last year.

Less than half of this total however, is currently under construction. LE revealed that 5,232 projects comprising 986,995 rooms are currently in the process of being built worldwide, which marks a 1% increase in terms of rooms.

A further 3,396 projects with 489,503 rooms are scheduled to get underway in the next 12 months.

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