According to the most recent Global Construction Pipeline Trend Report from Lodging Econometrics, the total global hotel pipeline has 11,547 hotels with 1,953,784 rooms, up 6 percent by projects and 4 percent by rooms year-over-year. This is also a significant increase from September’s Global Construction Pipeline Trend Report, when a mere 1,919,370 rooms were slated to open.
The global pipeline has 5,417 hotels with 1,008,948 rooms currently under construction, both within 1 percent of last year's total. However, there are 3,514 hotels with 504,938 rooms scheduled to start construction in the next 12 months, up 22 percent by projects and 19 percent by rooms.
Projects in the early planning stage are down 1 percent by projects and 34 percent by rooms at 2,616 hotels and 439,898 rooms.
The Global Construction Pipeline Trend Report examines the construction pipeline for 196 countries worldwide.