china's hotel construction pipeline
Upscale Projects in China’s Hotel Construction Pipeline Reach New All-Time High
Lodging Econometrics (LE) | February 9, 2023
February 9, 2023 – PORTSMOUTH, NH In the recently released China Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the country's total hotel construction pipeline, at the close of the fourth quarter, stands at 3,581 projects/675,074 rooms. At the close of 2022, hotel development in China continued to move forward despite the country’s economic slowdown. This deceleration, due in part to rigorous COVID restrictions, reduced demand for exports, and a real estate decline, is expected to rebound in 2023 as more cities implement relaxed COVID guidelines and consumer spending and real estate investing in...
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 ...
