The Global Hotel Construction Pipeline Tops 11,000 Projects

April 6, 2016 – PORTSMOUTH, NH – According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the worldwide Pipeline is at 11,130 Projects/1.9 million Rooms, the highest level LE has ever recorded. The Global Pipeline is up 9% Year-Over-Year (YOY) by both projects and rooms, led by significant growth in the United States which has the world’s largest pipeline.

Globally there are 5,287 Projects/986,913 Rooms Under Construction, up 1% by projects and 3% by rooms. Projects scheduled to Start Construction in the Next 12 Months, at 3,041 Projects and 440,632 Rooms, increased significantly, up 30% by projects and 25% by rooms. Projects in Early Planning, with 2,802 Projects/472,251 Rooms, is up 8% by projects and 9% by rooms.

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Posted by admin on Apr 6th, 2016 and filed under Hotelnews. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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