Lodging Econometrics' (LE) Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world, states that the Total Pipeline stands at 12,427 Projects/2,084,940 Rooms, up 8% by projects Year-Over-Year (YOY).
There are 5,885 Projects/1,086,966 Rooms Under Construction, up 9% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,723 Projects/538,061 Rooms, are up 6% while projects in Early Planning at 2,819 Projects/459,913 Rooms are up 8% YOY.
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.
Related Stories
Market Data | Oct 19, 2021
Demand for design services continues to increase
The Architecture Billings Index (ABI) score for September was 56.6.
Market Data | Oct 14, 2021
Climate-related risk could be a major headwind for real estate investment
A new trends report from PwC and ULI picks Nashville as the top metro for CRE prospects.
Market Data | Oct 14, 2021
Prices for construction materials continue to outstrip bid prices over 12 months
Construction officials renew push for immediate removal of tariffs on key construction materials.
Market Data | Oct 11, 2021
No decline in construction costs in sight
Construction cost gains are occurring at a time when nonresidential construction spending was down by 9.5 percent for the 12 months through July 2021.
Market Data | Oct 11, 2021
Nonresidential construction sector posts first job gain since March
Has yet to hit pre-pandemic levels amid supply chain disruptions and delays.
Market Data | Oct 4, 2021
Construction spending stalls between July and August
A decrease in nonresidential projects negates ongoing growth in residential work.
Market Data | Oct 1, 2021
Nonresidential construction spending dips in August
Spending declined on a monthly basis in 10 of the 16 nonresidential subcategories.
Market Data | Sep 29, 2021
One-third of metro areas lost construction jobs between August 2020 and 2021
Lawrence-Methuen Town-Salem, Mass. and San Diego-Carlsbad, Calif. top lists of metros with year-over-year employment increases.
Market Data | Sep 28, 2021
Design-Build projects should continue to take bigger shares of construction spending pie over next five years
FMI’s new study finds collaboration and creativity are major reasons why owners and AEC firms prefer this delivery method.
Market Data | Sep 22, 2021
Architecture billings continue to increase
The ABI score for August was 55.6, up from July’s score of 54.6.
