China's Construction Pipeline Remains Strong Up 7% YOY with Shanghai Leading the Way
PORTSMOUTH, NH. September 13, 2017 - Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline that the Total Pipeline has 2,410 Projects/525,225 Rooms, up 7% Year-Over-Year (YOY).
There are 1,724 Projects/356,816 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 324 Projects/74,225 Rooms, up 15%, while projects in Early Planning at 362 Projects/94,184 Rooms are up by 2%.
The top hotel companies in China's Construction Pipeline are: Hilton Worldwide with 292 Projects/71,895 Rooms, Marriott International with 253 Projects/72,062 Rooms, and InterContinental Hotels Group (IHG) with 206 Projects/56,354 Rooms. The largest brand in the Pipeline for each of the these companies are: Hilton's Hampton Inn & Suites with 113 Projects/17,130 Rooms, Marriott's full-service hotel with 51 Projects/16,227 Rooms, and IHG's Holiday Inn Express with 62 Projects/13,929 Rooms.
Cities in China with the largest pipelines are: Shanghai with 120 Projects/23,941 Rooms, Guangzhou with 113 Projects/21,890 Rooms, Chengdu with 93 Projects/20,865 Rooms, Suzhou with 87 Projects/17,048 Rooms and Beijing with 82 Projects/13,919 Rooms.
About Lodging Econometrics
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
edennison@lodgingeconometrics.com
+1 603.427.9544
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
