china hotel construction pipeline
Upscale and Upper Midscale Chain Scales Reach New Highs as China’s Construction Pipeline Grows
Lodging Econometrics (LE) | May 13, 2024
May 13, 2024 – PORTSMOUTH, NH – Lodging Econometrics’ (LE’s) Q1 2024 Hotel Construction Pipeline Trend Report reveals steady growth in China's construction pipeline, with 3,775 projects encompassing 695,212 rooms. The total pipeline in the country continues to expand, increasing 3% by projects and 2% by rooms year-over-year (YOY). At the close of the first quarter, China has 2,691 projects and a record-high 488,560 rooms under construction. Additionally, there are 377 projects/65,193 rooms scheduled to start construction in the next 12 months, while 707 projects/141,459 rooms are in the early planning stage. Projects in early plann...
China’s Hotel Construction Pipeline Ends 2023 With Record-Breaking Project and Room Counts
Lodging Econometrics (LE) | February 14, 2024
February 14, 2024 – PORTSMOUTH, NH – According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China's total hotel construction pipeline reached a new all-time high by projects for the second quarter in a row at Q4 2023. With a 6% year-over-year (YOY) increase in projects and a 2% YOY increase in rooms, the country’s total pipeline ended the year at 3,788 projects with 691,772 rooms. Projects currently under construction encompasses an impressive 2,644 projects/473,921 rooms, reflecting a 1% increase by projects YOY, while projects scheduled to start construction in the next 12 months are up 4% ...
Room Counts in China’s Hotel Construction Pipeline Reach All-Time High at the Q3 2021 Close
Lodging Econometrics | November 15, 2021
PORTSMOUTH, NH – November 15, 2021 – In the recently released China Construction Pipeline Trend Report by Lodging Econometrics (LE), at the end of the third quarter of 2021, China’s total construction pipeline stands at 3,571 projects/681,095 rooms, up 5% by projects and 7% by rooms year-over-year (YOY). Rooms in the country’s hotel construction pipeline are at an all-time high, and the pipeline is a mere three projects shy of the cyclical high of 3,574 projects set in the second quarter of 2020. While the COVID-19 pandemic continues to plague the global hospitality industry, China is showing signs of recovery. Large-scale vaccinat...
China’s Hotel Construction Pipeline Continues Upward Trend Through the Second Quarter
Lodging Econometrics | August 16, 2021
PORTSMOUTH, NH – August 16, 2021 – According to analysts at Lodging Econometrics (LE), the total China construction pipeline stands at 3,454 projects/661,043 rooms. At the end of the second quarter, the 2021 construction pipeline is up 2% by rooms year-over-year (YOY) and just below the region’s all-time high project count of 3,574 projects/647,704 rooms set in the second quarter of 2020. This is the fourth consecutive quarter China’s pipeline has increased. China currently has 2,401 projects/437,731 rooms under construction, up 5% by projects and 7% by rooms YOY, while projects scheduled to start construction in the next 12 months...
China’s Hotel Construction Pipeline Hits New All-Time High Despite Growing Concerns About the Economic Slowdown
Lodging Econometrics (LE) | March 20, 2019
Analysts at Lodging Econometrics (LE) report that China's total construction pipeline is booming and stands at 2,761 projects/580,635 rooms, up 12% by projects and 6% by rooms year-over-year (YOY). At the end of 2018, both projects and rooms in the construction pipeline are at new all-time highs surpassing the previous cyclical high of 2,658 projects set in the fourth quarter of 2014. China has the second largest pipeline in the world. Projects presently under construction are at 2,044 projects/411,032 rooms, up 17% and 10% YOY, respectively, reflective of the rush to get under construction as the economy continues to soften. Projects s...
