June 15, 2018 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline, the Total Pipeline has 2,481 Projects/546,424 Rooms, up 2% Year-Over-Year (YOY).
There are 1,725 Projects/368,927 Rooms Under Construction, up less than 1% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 410 Projects/86,995 Rooms, up 27% by project YOY, while projects in Early Planning at 346 Projects/90,502 Rooms are down 13%.
Cities in China with the largest pipelines are: Shanghai with 129 Projects/25,750 Rooms, Guangzhou with 106 Projects/25,481 Rooms, Chengdu with 89 Projects/19,723 Rooms, Hangzhou with 77 Projects/17,255 Rooms, Suzhou with 75 Projects/14,713 Rooms and Beijing with 68 Projects/11,551 Rooms.
About Lodging Econometrics (LE): LE is the leading provider of global hotel intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable business development programs that turn business goals into opportunities that advance a company’s competitive advantage.