china hotel development
Record-Breaking Hotel Construction Pipeline in China: Q2 2024 Highlights and Future Forecasts
Lodging Econometrics | August 14, 2024
August 14, 2024 – PORTSMOUTH, NH As seen in Lodging Econometrics’ (LE’s) Q2 2024 Hotel Construction Pipeline Trend Report for China, the country’s hotel construction pipeline has reached unprecedented heights at the close of the second quarter. The pipeline stands at a record-high 3,815 projects with 699,786 rooms, marking a 4% increase in projects and 3% in rooms year-over-year (YOY). According to the Q2 report, projects under construction have hit a new all-time high of 2,743 projects with 498,551 rooms, accounting for 72% of the projects in China’s total pipeline and growing 3% by projects and 4% by rooms YOY. Projects sche...
China’s Hotel Construction Pipeline Hits Record High Upscale and Upper Midscale Project Counts at Q2 2022
Lodging Econometrics (LE) | August 18, 2022
August 18, 2022 – PORTSMOUTH, NH According to the latest Construction Pipeline Trend Report from Lodging Econometrics (LE), the total China hotel construction pipeline stands at 3,693 projects/701,974 rooms. At the end of the second quarter, the country’s construction pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the first quarter (2022) and is up 7% by projects year-over-year (YOY) and 6% YOY by rooms. Projects presently under construction are at 2,581 projects/470,021 rooms, each up 7% YOY, projects starting construction in the next 12 months are at 510 projects/97,607 rooms, and projects ...
