China Construction Pipeline Remains Steady Despite Total Pipeline Drop of 7 Projects YOY
June 26, 2017 2:55pm
June 26, 2017 – PORTSMOUTH, NH
Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline that the Total Pipeline has 2,441 Projects/534,285 Rooms, down just 7 projects Year-Over-Year (YOY).
There are 1,722 Projects/360,379 Rooms Under Construction, down 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 323 Projects/72,323 Rooms, up 10%, while projects in Early Planning at 396 Projects/101,583 Rooms are up by 8%.
The top hotel companies in China’s Construction Pipeline are: Marriott International with 240 Projects/69,051 Rooms, InterContinental Hotels Group (IHG) with 215 Projects/58,481 Rooms, and Hilton Worldwide with 266 Projects/67,909 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott’s Sheraton Hotels with 50 Projects/15,901 Rooms, IHG’s Holiday Inn with 55 Projects/15,305 Rooms and Hilton’s full-service hotel with 64 Projects/23,153 Rooms.
Cities in China with the largest pipelines are: Shanghai with 133 Projects/25,406 Rooms, Guangzhou with 116 Projects/22,727 Rooms, Chengdu with 92 Projects/21,918 Rooms, Sanya with 57 Projects/20,324 Rooms and Suzhou with 90 Projects/17,220 Rooms.
Tags: lodging econometrics,
china construction pipeline
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
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