Lodging Econometrics' global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, found that the total pipeline stands at 12,427 hotels and 2,084,940 guestrooms, up 8 percent by hotels year-over-year.
There are 5,885 hotels with 1,086,966 guestrooms under construction, up 9 percent by hotels year-over-year. Hotels that are scheduled to start construction in the next 12 months are up 6 percent at 3,723 hotels with 538,061 guestrooms while hotels in the early planning stage are up 8 percent year-over-year at 2,819 hotels with 459,913 guestrooms.
Top Companies, Top Brands
The leading franchise companies in the global construction pipeline by project-count are Marriott International with 2,274 hotels and 383,984 guestrooms, Hilton with 2,029 hotels and 305,229 guestrooms, InterContinental Hotels Group with 1,339 hotels and 199,045 guestrooms and Choice Hotels with 529 hotels and 43,121 guestrooms.
The leading brands for each of these companies are Marriott’s Fairfield Inn with 339 hotels and 36,578 guestrooms, Hilton’s Hampton Inn & Suites with 543 hotels and 66,887 guestrooms, IHG’s Holiday Inn Express with 616 hotels and 72,370 guestrooms, and Choice’s Comfort Suites with 114 hotels and 9,574 guestrooms.