Global hotel pipeline reaches record number

Eloise Hanson By Eloise Hanson
01 October 2019 | Updated 02 October 2019

Worldwide: The total global hotel-construction pipeline has reached a record high of over 14,000 projects and nearly 2.5 million rooms at the end of Q2.

According to statistics by Lodging Econometrics, figures represent a nine per cent year-over-year increase in projects and an eight per cent year-over-year rise in rooms.

Looking ahead, the group said that the global pipeline should continue to grow "albeit at a much slower pace," and identified low-interest rates and accommodative lending terms as the primary catalyst for growth.

The group said that over 1,500 hotels are scheduled to open by the end of the year, and is expecting a further 3,168 hotels to open in 2020 and 3,171 hotels in 2021.

Below is a summary of key findings:

Top five countries

  1. United States - represented 40 per cent of the total worldwide project count, coming in at 5,653 projects and 693,207 rooms.
  2. China - accounted for 21 per cent of the total hotel-construction pipeline with 2,991 projects and 592,884 rooms.
  3. Indonesia - 378 projects with 63,196 rooms.
  4. Germany - 320 projects and 57,689 rooms.
  5. United Kingdom - 280 projects, 40,970 rooms.

Top five cities

  1. Dubai - 173 projects, 50,832 rooms.
  2. New York City - 166 projects, 28,231 rooms.
  3. Dallas - 162 projects, 19,972 rooms.
  4. Los Angeles - 158 projects, 25,428 rooms.
  5. Houston - 146 projects, 14,998 rooms.

The big four

  1. Marriott - 2,534 projects, 420,562 rooms.
  2. Hilton - 2,334 projects, 340,626 rooms.
  3. IHG - 1,769 projects, 259,057 rooms.
  4. Accor - 980 projects, 175,002 rooms. 

Top brands

  1. IHG's Holiday Inn - 737 projects, 415 rooms.
  2. Hampton by Hilton - 689 projects, 90,634 rooms.
  3. Fairfield Inn by Marriott - 397 projects, 43,451 rooms.
  4. Accor's Ibis - 387 projects, 54,683 rooms.

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