financeLodging Magazine·1 min·For: Owner, Investor, GM, Revenue
Global Hotel Construction Pipeline Reaches All-Time High
The global hotel construction pipeline has reached record-breaking levels in project counts and room volume during Q2 2024, led by strong growth in the United States and China.
Key Takeaways
- 1Note that the United States continues to lead the global hotel construction pipeline with 6,095 projects and 713,151 rooms as of Q2 2024.
- 2Monitor the rapid growth in China, which reached record highs of 3,815 projects, alongside significant activity in India and Vietnam.
- 3Align investment strategies with the 'Upper Midscale' and 'Upscale' segments, which currently dominate half of the global room pipeline.
Source: Lodging Magazine
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