Global Pipeline for Hotel Construction Up 7% YOY
Portsmouth, NH, March 2, 2018 –The Lodging Econometrics (LE) Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world, states that the total global pipeline stands at 12,631 projects/2,127,794 rooms, up 7% by projects year-over-year (YOY).
There are 5,847 projects/1,101,707 rooms under construction, up 6% by projects YOY. Projects scheduled to start construction in the next 12 months, at 3,744 projects/548,876 rooms, are up 2% while projects in early planning at 3,040 projects/477,211 rooms are up 17% YOY.
The leading franchise companies in the Global Construction Pipeline by project count are Marriott International with 2,405 projects/400,822 rooms, Hilton Worldwide with 2,108 projects/315,603 rooms, InterContinental Hotels Group (IHG) with 1,491 projects/224,239 rooms and AccorHotels with 809 projects/151,416 rooms.
The leading brands for each of these companies are Marriott’s Fairfield Inn with 364 projects/38,986 rooms, Hilton’s Hampton Inn & Suites with 570 projects/71,795 rooms, IHG’s Holiday Inn Express with 710 projects/87,150 rooms and Accor’s Ibis with 156 projects/23,863 rooms.