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LE: China’s Q1 construction pipeline grows

Hotel Business

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).

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LE: Europe’s Q1 construction pipeline reaches 1.7K projects

Hotel Business

According to the Q1 2024 Hotel Construction Pipeline Trend Report for Europe from Lodging Econometrics (LE), the region’s total pipeline stands at 1,705 projects/253,777 rooms at the close of the first quarter. These three chain scales account for 55% of the projects in the region’s total construction pipeline.

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LE: Middle East Q1 construction pipeline rises

Hotel Business

The Q1 2024 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) reveals, at Q1, the hotel construction pipeline in the region increased to 612 projects/144,222 rooms, up 5% by projects year-over-year (YOY). During the first quarter, the Middle East opened 21 new hotels/3,663 rooms.

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LE: Q1 Latin America construction pipeline up 11%

Hotel Business

The latest Latin America Construction Pipeline Trend Report by Lodging Econometrics (LE) reveals robust growth in the region’s hotel construction sector. These three countries account for 61% of the projects in the total pipeline and 62% of the rooms.

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LE: APEC construction pipeline breaks all-time record

Hotel Business

According to the Q1 2024 Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in the Asia-Pacific region, excluding China, (APEC) reached a record-breaking project total of 2,021 projects/402,312 rooms. These three countries account for 50% of the projects in the region’s total pipeline.

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Canada’s construction pipeline hits record-high project count

Hotel Business

The latest Hotel Construction Pipeline Trend Report for Canada from Lodging Econometrics (LE) reveals, at Q1 2024, there are 314 projects/39,628 rooms in the total pipeline. In Canada, there was a surge of projects that moved into the under construction stage in 2023. new supply growth rate increase.

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LE: U.S. construction pipeline remains steady

Hotel Business

According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics (LE), at the close of the second quarter, the hotel construction pipeline stands at 5,572 projects/660,061 rooms, with projects up 7% year-over-year (YOY) and rooms up 6% YOY. construction pipeline.