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Topic - Hotel Construction Pipeline China

Hotel Construction Pipeline China

Upscale and Upper Midscale Brands Dominate China's Hotel Construction Pipeline at Q2 2023

As seen in the most recent Construction Pipeline Trend Report for China from Lodging Econometrics (LE), the country’s pipeline stands at 3,666 projects/678,965 rooms. At the close of the second quarter, the total pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the second quarter of 2022.

Hotel Construction Pipeline China

Upscale Projects in China’s Hotel Construction Pipeline Reach New All-Time High

At the close of 2022, hotel development in China continued to move forward despite the country’s economic slowdown. This deceleration, due in part to rigorous COVID restrictions, reduced demand for exports, and a real estate decline, is expected to rebound in 2023 as more cities implement relaxed COVID guidelines and consumer spending and real estate investing increase.

Hotel Construction Pipeline China

China Hotel Construction Pipeline Hits Record High Project & Room Counts at Q1 2022

According to the latest Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of Q1 ‘22, China’s total hotel construction pipeline reached record high project and room counts, standing at 3,711 projects/704,101 rooms and up 8% by projects and 7% by rooms year-over-year (YOY).

Hotel Construction Pipeline China

China Hotel Construction Pipeline Closes 2021 at New Record High

As seen in the Q4 2021 China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline at the end of the fourth quarter stands at 3,693 projects/700,567 rooms, up 9% by projects and rooms year-over-year (YOY).

Hotel Construction Pipeline China

China's Hotel Construction Pipeline Continues Upward Trend Through the Second Quarter 2021

According to analysts at Lodging Econometrics (LE), the total China construction pipeline stands at 3,454 projects/661,043 rooms. At the end of the second quarter, the 2021 construction pipeline is up 2% by rooms year-over-year (YOY) and just below the region’s all-time high project count of 3,574 projects/647,704 rooms set in the second quarter of 2020. This is the fourth consecutive quarter China’s pipeline has increased.

Hotel Construction Pipeline China

China's Hotel Construction Pipeline Ends Q1 2021 with 3,440 Projects/656,828 Rooms

According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline stands at 3,440 projects/656,828 rooms at the end of Q1’21, down 3% by projects and up 2% by rooms year-over-year (YOY). While project counts may be down YOY, the total number of rooms in China’s Construction Pipeline reached a cyclical peak this quarter and is the highest it’s been in over twelve years.