The worldwide hotel pipeline now stands at 11,130 projects comprising 1.9 million rooms – the highest level ever recorded.
According to a new report from Lodging Econometrics, the current pipeline marks a 9% increase in terms of both projects and rooms compared to this time last year.
The United States (4,413 projects, 546,135 rooms) has the world’s largest hotel pipeline, followed by China (2,513 projects, 548,550 rooms). These two countries are a long way clear of the rest, with Indonesia (405 projects, 65,631 rooms), Brazil (396 projects, 70,478 rooms) and India (336 projects, 50,753 rooms) completing the top five.
Of the total global pipeline, 5,287 projects and 986,913 rooms (48% and 52% respectively) are already under construction, while a further 3,041 projects and 440,632 rooms are scheduled to get underway within the next 12 months.