article thumbnail

Upscale and Upper Midscale Chain Scales Reach New Highs as China’s Construction Pipeline Grows

Hospitality Net

Lodging Econometrics’ (LE’s) Q1 2024 Hotel Construction Pipeline Trend Report reveals steady growth in China’s construction pipeline, with 3,775 projects encompassing 695,212 rooms. The total pipeline in the country continues to expand, increasing 3% by projects and 2% by rooms year-over-year (YOY).

Pipeline 203
article thumbnail

LE: Record number of projects in U.S. construction pipeline

Hotel Business

Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. At the close of the third quarter, there are 1,185 projects/148,716 rooms under construction, marking an 11% increase in projects and a 6% increase in rooms YOY. The upscale chain scale follows with 1,407 projects/174,127 rooms.

Pipeline 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

LE: APEC construction pipeline reaches new highs in Q3

Hotel Business

The hotel development pipeline across the Asia-Pacific, excluding China, region (APEC) continued its notable growth trajectory through the third quarter of 2024, according to the latest Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).

article thumbnail

Five-star Peppers hotel under construction as part of dual-branded Gladstone property

Hotel Management

Construction has commenced on Peppers Gladstone, marking the first new hotel construction in the region in over a decade. “We The dual-branded property is expected to appeal to business and leisure travellers and will cater to small to large-scale meetings, expos and weddings within its various conference spaces.

article thumbnail

Higher-End Chain Scale Projects Dominate the Middle East Hotel Construction Pipeline, Reaching Record Highs at Q3 Close

Hospitality Net

According to the Q3 2023 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the third quarter, the hotel construction pipeline in the region stands at 585 projects/139,582 rooms. Project counts in the region are up 9%, while room counts show a 3% increase year-over-year (YOY).

Pipeline 178
article thumbnail

Foundation to Finishing: Construction Management’s Vital Role in Hotel Development and Revitalization

Hospitality Net

It’s not surprising hotel construction is often a demanding and exciting process, as hotels need to have the comfort of a home and the durability for heavy usage of a restaurant on the scale of an office building.

article thumbnail

LE: China’s construction projects hit record high in Q3

Hotel Business

In the Q3 2024 China Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE) , at the end of the quarter, China’s total hotel construction pipeline reached a record-high project count of 3,853 projects with 703,312 rooms, up 4% by projects and 3% by rooms year-over-year (YOY).