THE U.S. ACCOUNTS for 40 percent of projects in the total global construction pipeline, according to the Lodging Econometrics global construction pipeline report.
The country tops the global construction pipeline with 5,653 projects and 693,207 room, just 230 projects shy of the country’s all-time high of 5,883 projects set in the second quarter of 2008.
The report reveals the global construction pipeline reached a new high of 14,051 projects and 2,327,923 rooms, a six percent increase in projects and an eight percent increase in room year-over-year.
Four U.S. cities made it to the top five positions in the pipeline for cities. New York, which was on the top of the list in the last year-end report, is now in the second place as Dubai is now on the top with 173 projects and 50,832 rooms. New York has 166 projects with 28,231 rooms followed by Dallas with 162 projects and 19,972 rooms. Los Angeles and Houston are in the fourth and fifth positions with 158 projects and 25,428 rooms, 146 projects and 14, 998 rooms respectively.
Marriott International is the leading franchise company in the global construction pipeline with 2,534 projects and 420,562 rooms across the world. Hilton Worldwide follows closely with 2,334 projects and 340,626 rooms. InterContinental Hotels Group and AccorHotels are in the third and fourth place with 1,769 projects and 259,057 rooms, 980 projects, and 175,002 rooms.
These four companies account for 54 percent of all the projects in the pipeline. IHG’s Holiday Inn Express, Hampton by Hilton, Marriott’s Fairfield Inn and AccorHotel’s Ibis are the leading brands. Marriott, Hilton and IHG also dominate the U.S. pipeline.