THE U.S. REMAINS at the top of the global hotel pipeline with 5,312 projects containing 634,501 rooms, continuing a rise that began in 2011, according to Lodging Econometrics’ new bi-annual Global Construction Pipeline Trend Report. The total global pipeline stands at 12,839 projects with 2,158,422 rooms up 86 percent by projects over the cyclical low hit in 2011 with 6,907 projects and 1,257,296 rooms.
The total pipeline number breaks down into 5,988 projects with 1,133,017 rooms currently under construction; 3,945 projects with 570,731 rooms scheduled to start construction in the next 12 months; and 454,674 projects with 2,906 rooms in the early planning stage, according to LE. The number of projects in the early planning stage is 134 projects short of the record high established in the fourth quarter of 2017.
The U.S. accounts for 41 percent of projects in the total global construction pipeline. It is followed by China with 2,523 projects and 556,645 rooms, which makes up 20 percent of the total pipeline. Following the U.S. and China are Indonesia with 394 projects and 66,759 rooms; Germany with 247 projects and 47,155 rooms; and the United Kingdom with 247 projects and 36,487 rooms.
Also the U.S. had six of the top 10 cities in the pipeline while China had three. In the U.S., New York, New York, was top among cities globally with 169 projects and 29,365 rooms while Dallas, Texas, was third with 156 projects and 18,908 rooms and Houston, Texas, was fourth with 150 projects and 16,321 rooms.
Shanghai was second in the global lineup with 121 projects and 24,759 rooms.
With 2,324 projects and 391,058 rooms, Marriott International was the top franchise globally, followed by Hilton Worldwide with 2,202 projects and 327,723 rooms/ InterContinental Hotels Group with 1,653 projects and 244,038 rooms; AccorHotels with 809 projects and 147,647 rooms; and Choice Hotels with 1,024 hotels and 84,350 rooms.
“As a result of record pipeline totals, new hotel openings continue to hit record levels,” LE said in a release. “In 2020, totals could reach a lofty 3,000 new hotel openings, approximately 1,250 of them being in the U.S.”