According to Lodging Econometrics’s Global Construction Pipeline Trend Report, the top world regions by project count are North America with 5,239 hotels and 639,712 guestrooms, Asia-Pacific with 4,233 hotels and 903,415 guestrooms and EMEA with 2,100 hotels and 395,506 guestrooms.
The top countries by project-count are the United States with 5,011 hotels and 608,837 guestrooms and China with 2,435 hotels and 538,836 guestrooms. The U.S. accounts for 40 percent of the hotels in the global pipeline while China accounts for 20 percent. This means that a full 60 percent of the global pipeline is concentrated in just two countries, leading to a potential for oversaturation.
The cities with the largest pipeline project count are New York with 181 hotels and 30,225 guestrooms, Houston with 148 hotels and 16,398 guestrooms, Dubai with 145 hotels and 40,733 guestrooms, Dallas with 143 hotels and 17,580 guestrooms and Seoul 126 hotels and 22,199 guestrooms.
As reported last week, the world has 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. The total pipeline stands at 12,427 hotels and 2,084,940 guestrooms, up 8 percent by hotels year-over-year.