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 | Jul 19, 2021
Construction employment trails pre-pandemic level in 39 states
Supply chain challenges, rising materials prices undermine demand.
Market Data | Jul 15, 2021
Producer prices for construction materials and services soar 26% over 12 months
Contractors cope with supply hitches, weak demand.
Market Data | Jul 13, 2021
ABC’s Construction Backlog Indicator and Contractor Confidence Index rise in June
ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels increased modestly in June.
Market Data | Jul 8, 2021
Encouraging construction cost trends are emerging
In its latest quarterly report, Rider Levett Bucknall states that contractors’ most critical choice will be selecting which building sectors to target.
Multifamily Housing | Jul 7, 2021
Make sure to get your multifamily amenities mix right
One of the hardest decisions multifamily developers and their design teams have to make is what mix of amenities they’re going to put into each project. A lot of squiggly factors go into that decision: the type of community, the geographic market, local recreation preferences, climate/weather conditions, physical parameters, and of course the budget. The permutations are mind-boggling.
Market Data | Jul 7, 2021
Construction employment declines by 7,000 in June
Nonresidential firms struggle to find workers and materials to complete projects.
Market Data | Jun 30, 2021
Construction employment in May trails pre-covid levels in 91 metro areas
Firms struggle to cope with materials, labor challenges.
Market Data | Jun 23, 2021
Construction employment declines in 40 states between April and May
Soaring material costs, supply-chain disruptions impede recovery.
Market Data | Jun 22, 2021
Architecture billings continue historic rebound
AIA’s Architecture Billings Index (ABI) score for May rose to 58.5 compared to 57.9 in April.
Market Data | Jun 17, 2021
Commercial construction contractors upbeat on outlook despite worsening material shortages, worker shortages
88% indicate difficulty in finding skilled workers; of those, 35% have turned down work because of it.
