The top regions around the world, according to Lodging Econometrics latest Global Construction Pipeline Trend Report, are the Americas with 5,719 hotels and 745,510 guestrooms, Asia Pacific with 3,862 hotels and 836,725 guestrooms and EMEA with 1,679 hotels and 337,135 guestrooms.
The top countries by project-count are the United States with 4,973 hotels and 598,371 guestrooms and China with 2,410 hotels and 525,225 guestrooms. The U.S. accounts for 41 percent of the projects in the global pipeline, while China accounts for 20 percent. Therefore, 61 percent of the global pipeline is concentrated in just two countries.
Top Cities
The cities with the largest pipeline project count are New York with 190 hotels and 31,923 guestrooms, Houston with 159 hotels and 17,472 guestrooms, Dallas with 147 hotels and 18,429 guestrooms, Dubai with 141 hotels and 40,266 guestrooms and Seoul with 137 hotels and 25,784 guestrooms.
New hotels lined up for New York include a Manhattan and a Brooklyn Pod Hotel Project and Pod Hotel, a 14-guestroom Restoration Hardware Hotel in Manhattan, the 118-guestroom Courtyard and Residence Inn by Marriott Financial District in Manhattan, the 178-guestroom Four Points by Sheraton/118-guestroom Element Hotel in Flushing, Queens, the 238-guestroom Dream Hotel Times Square in Manhattan and the 452-guestroom Times Square Edition in Manhattan.
Following close behind New York, Houston has two Marriott International properties slated to open soon. The Courtyard Lake Jackson is set to open in November 2017 while the TownePlace Suites Houston I-10 East is expected to open in April 2018.