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.