Unstoppable: Global hotel pipeline soars to new heights

61% of all global projects concentrated in just two countries

London, UK

Provider of global hotel intelligence Lodging Econometrics (LE) has compiled construction pipeline counts for every country and market, revealing a record high of rooms around the world.

The in-depth report, which includes 176 countries, states that the total global construction pipeline rose to a record high of 14,051 projects/2,327,923 rooms — a 9% increase in projects and an 8% increase in rooms year-over-year (YOY).

The top countries by project count are the United States with 5,653 projects/693,207 rooms (just 230 projects shy of its all-time high of 5,883 projects set in the second quarter of 2008), and China with a current pipeline of 2,991 projects/592,884 rooms, which is a new high.

The US accounts for 40% of projects in the total global pipeline while China has 21%, resulting in 61% of all global projects being concentrated in just these two countries. Following the two are Indonesia with 378 projects/63,196 rooms, Germany with 320 projects/57,689 rooms, and the United Kingdom with 280 projects/40,970 rooms.

Marriott International

The franchise company leading the pack is Marriott International with 2,534 projects/420,562 rooms. Hilton Worldwide follows closely with 2,334 projects/340,626 rooms. Next is InterContinental Hotels Group (IHG) with 1,769 projects/259,057 rooms, and AccorHotels with 980 projects/175,002 rooms. These four company brands account for 54% of all projects in the global hotel pipeline.

The first half of 2019 saw a total of 1,374 new hotels/196,237 rooms open around the world with an additional 1,675 hotels/236,334 rooms scheduled to open by year-end.

You might also like

Comments are closed.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Close