Lodging Econometrics (LE) recently released the Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world.
Currently, the top world regions by project count are North America with 5,239 Projects/639,712 Rooms, Asia Pacific with 4,233 Projects/903,415 Rooms and EMEA with 2,100 Projects/395,506 Rooms.
The top countries by project-count are the United States with 5,011 Projects/608,837 Rooms and China with 2,435 Projects/538,836 Rooms. The U.S. accounts for 40% of the projects in the Global Pipeline while China accounts for 20%, resulting in 60% of the Global Pipeline being concentrated in just two countries.
The cities with the largest pipeline project count are: New York with 181 Projects/30,225 Rooms, Houston with 148 Projects/16,398 Rooms, Dubai with 145 Projects/40,733 Rooms, Dallas with 143 Projects/17,580 Rooms and Seoul 126 Projects/22,199 Rooms.
The leading franchise companies in the Global Construction Pipeline by project-count are: Marriott International with 2,274 Projects/383,984 Rooms, Hilton Worldwide with 2,029 Projects/305,229 Rooms, InterContinental Hotels Group (IHG) with 1,339 Projects/199,045 Rooms and Choice Hotels with 529 Projects/43,121 Rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 339 Projects/36,578 Rooms, Hilton’s Hampton Inn & Suites with 543 Projects/66,887 Rooms, IHG’s Holiday Inn Express with 616 Projects/72,370 Rooms, and Choice’s Comfort Suites with 114 Projects/9,574 Rooms.
Cities in China with the largest pipelines are: Shanghai with 117 Projects/24,009 Rooms, Guangzhou with 107 Projects/25,684 Rooms, Chengdu with 93 Projects/21,139 Rooms, Suzhou with 82 Projects/16,550 Rooms and Beijing with 77 Projects/13,140 Rooms.
The Middle East total pipeline has 572 Projects/156,420 Rooms, up 12% by projects Year-Over-Year (YOY).
There are 349 Projects/100,485 Rooms Under Construction, up 17% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 113 Projects/30,841 Rooms, up 5%, while projects in Early Planning at 110 Projects/25,094 Rooms are up 3%.
The top hotel companies in the Middle East’s Construction Pipeline are: Marriott International 95 Projects/22,767 Rooms, Hilton Worldwide with 86 Projects/24,197 Rooms, and AccorHotels with 84 Projects/24,838 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott’s Courtyard with 195 Projects/3,998 Rooms, Hilton’s full-service hotel with 28 Projects/10,151 Rooms and Accor’s Novotel with 14 Projects/3,865 Rooms.
The top countries in the Middle East Construction Pipeline are: Saudi Arabia with 198 Projects/60,249 Rooms, United Arab Emirates with 194 Projects/55,264 Rooms and Qatar with 59 Projects/14,415 Rooms. Cities in the Middle East with the largest pipelines are: Dubai, UAE with 145 Projects/40,733 Rooms, Riyadh, Saudi Arabia with 53 Projects/10,425 Rooms and Doha, Qatar with 55 Projects/12,788 Rooms.