The franchise companies leading the U.S. construction pipeline with the greatest number of new construction projects are Marriott International, Hilton Worldwide, and InterContinental Hotels Group (IHG)
Lodging Econometrics (LE)
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APAC hotel construction pipeline in Q121, excluding china, stood at 1,759 projects
This was a decline of 8% by both projects and rooms year-over-year (YOY)
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Europe’s Hotel Construction Pipeline remains healthy and continues to grow in the first quarter of 2021
Europe ends the first quarter of 2021 with 1,928 projects/310,523 rooms, a record high project and room count for the region.
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At year-end 2020, the Global Hotel Construction Pipeline decreased slightly year-over-year
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.
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The Asia Pacific Construction Pipeline, excluding China, remains steady year-over-year
During the third quarter of 2020, the Asia Pacific region, excluding China, saw 97 new hotels accounting for 20,587 rooms open, a 44% opening increase over the Q2 total, a sign that construction has resumed in much of the region.
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The Middle East hotel construction pipeline continues to decline
The Middle East’s pipeline is down 7% by projects and 6% by rooms year-over-year (YOY). This is the fifth consecutive quarter the pipeline has declined since reaching its cyclical peak by projects in Q2 2019.
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Europe’s hotel construction pipeline increases year-over-year (YOY)
Rooms under construction stand at an all-time high of 151,471 rooms from 921 projects and are up 11% by projects and 15% by rooms YOY. Projects scheduled to start construction in the next 12 months are at 478 projects/75,166 rooms, down slightly YOY.
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At the end of Q3 2020, Latin America’s hotel construction pipeline continues to decline
Through the third quarter of 2020, 45 new hotels/8,608 rooms opened in Latin America. There were 29 new project announcements, a cyclical low project count for the region, accounting for 4,557 rooms.
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At the close of the second quarter of 2020, hotel construction pipeline growth in Europe continues
Four global franchise companies account for 44% of all projects in Europe’s Pipeline