Top world regions and markets in the global hotel construction pipeline
By Lodging Econometrics
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.