February 28, 2018 – PORTSMOUTH, NH
Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline Trend Report, the Total Pipeline has 2,471 Projects/548,628 Rooms, up 6% by project Year-Over-Year (YOY).
There are 1,743 Projects/374,156 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 365 Projects/80,216 Rooms, up 28% by project YOY, while projects in Early Planning at 363 Projects/94,256 Rooms are down 5%.
The top hotel companies in China’s Construction Pipeline are: Hilton Worldwide with 327 Projects/77,270 Rooms, InterContinental Hotels Group (IHG) with 281 Projects/69,893 Rooms and Marriott International with 268 Projects/75,472 Rooms. The largest brand in the Pipeline for each of the these companies are: Hilton’s Hampton Inn & Suites with 145 Projects/22,412 Rooms, IHG’s Holiday Inn Express with 124 Projects/24,285 Rooms and Marriott’s full-service hotel with 60 Projects/18,671 Rooms.
Cities in China with the largest pipelines are: Shanghai with 132 Projects/25,367 Rooms, Guangzhou with 106 Projects/25,015 Rooms, Chengdu with 93 Projects/20,788 Rooms, Hangzhou with 79 Projects/17,996 Rooms, Suzhou with 75 Projects/14,360 Rooms and Beijing with 72 Projects/13,009 Rooms.