Lodging Econometrics (LE) is forecasting 2,812 hotels/424,844 rooms to open in 2021 and another 3,255 hotels/498,631 rooms to open in 2022.
Global Hotel Construction Pipeline
Posted inBusiness
Year-Over-Year the Global Hotel Construction Pipeline continues to increase
Year-over-year (YOY) the pipeline increased 5% by projects and 4% by rooms with several stages of the pipeline hitting their peaks by project and rooms counts.