Last week, we took a look at what cities and what brands are leading China’s hotel scene. But while global brands are eager to grow their Chinese footprints, overall development across the country is on a decline.
According to the recent China Construction Pipeline Trend Report from Lodging Econometrics, China’s total pipeline has 2,329 hotels and 536,042 rooms in development, down 10 percent by projects and 4 percent by rooms year-over-year. This marks the seventh quarter of modest decline from the peak established in in the fourth quarter of 2014.
For hotels currently under construction, China’s pipeline has 1,660 projects and 361,806 rooms, down 20 percent by projects and 12 percent by rooms YOY. In contrast, there are only 307 projects and 73,129 rooms scheduled to start construction in the next 12 months, up 33 percent by projects and 15 percent by rooms. Projects in the early planning, 362 projects and 101,107 rooms, are up 21 percent by projects and 20 percent by rooms.