NORTH AMERICA TOPS the global hotel construction pipeline, according to the Lodging Econometrics Global Construction Pipeline Trend Report. And, with 5,151 projects and 623,695 rooms, the U.S. leads all other countries in the number of projects.
North America overall has 6,226 projects with 797,949 rooms in the pipeline, according to LE. It is followed in the regional lineup by the Asia Pacific region with 4,231 projects and 911,454 rooms and the Europe/Middle East/Africa region with 2,174 projects and 418,391 rooms.
The U.S. is followed by China with 2,519 projects and 560,664 rooms. Together those two countries account for 61 percent of the global pipeline, with the U.S. making up 41 percent and China accounting for 20 percent.
U.S. cities also held the top three positions in the pipeline for cities: New York with 180 projects and 30,699 rooms; Dallas with 149 projects and 17,860 rooms; and Houston with 146 projects and 15,714 rooms. Dubai occupies fourth place with 143 projects and 40,631 rooms, followed by Shanghai’s 132 projects and 25,367 rooms.
The total global pipeline stands at 12,631 projects and 2,127,794 rooms, a 7 percent increase over this time last year, according to LE. There are 5,847 projects with 1,101,707 rooms under construction, up 6 percent. Projects scheduled to start construction in the next 12 months rose 2 percent to 3,744 projects with 548,876 rooms, and projects in early planning went up 17 percent to 3,040 projects and 477,211 rooms.