The Lodging Econometrics (LE) global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, states that the total pipeline stands at 12,714 projects/2,139,002 rooms, up 7% by projects year-over-year (YOY).
There are 5,952 projects/1,115,288 rooms under construction, up 8% by projects YOY. Projects scheduled to start construction in the next 12 months, at 3,988 projects/584,433 rooms, are up 6% while projects in early planning at 2,774 projects/439,281 rooms are up 5% YOY.
The leading 5 franchise companies in the global construction pipeline by project-count are: Marriott International with 2,381 projects/398,238 rooms, Hilton Worldwide with 2,180 projects/322,857 rooms, InterContinental Hotels Group (IHG) with 1,600 projects/234,807 rooms, AccorHotels with 781 projects/140,396 rooms, and Choice Hotels with 629 projects/153,992 rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 357 projects/38,826 rooms, Hilton’s Hampton Inn & Suites with 599 projects/75,642 rooms, IHG’s Holiday Inn Express with 709 projects/86,836 rooms, Accor’s Ibis with 156 projects/22,361 rooms, and Choice’s Comfort Suites with 126 projects/10,983 rooms.
Related Stories
Data Centers | Jan 28, 2016
Top 10 markets for data center construction
JLL’s latest outlook foresees a maturation in certain metros.
Market Data | Jan 20, 2016
Nonresidential building starts sag in 2015
CDM Research finds only a few positive signs among the leading sectors.
Market Data | Jan 20, 2016
Architecture Billings Index ends year on positive note
While volatility persists, architecture firms reported healthy performance for 2015.
Market Data | Jan 15, 2016
ABC: Construction material prices continue free fall in December
In December, construction material prices fell for the sixth consecutive month. Prices have declined 7.2% since peaking in August 2014.
Market Data | Jan 13, 2016
Morgan Stanley bucks gloom and doom, thinks U.S. economy has legs through 2020
Strong job growth and dwindling consumer debt give rise to hope.
Hotel Facilities | Jan 13, 2016
Hotel construction should remain strong through 2017
More than 100,000 rooms could be delivered this year alone.
Market Data | Jan 6, 2016
Census Bureau revises 10 years’ worth of construction spending figures
The largest revisions came in the last two years and were largely upward.
Market Data | Jan 5, 2016
Majority of AEC firms saw growth in 2015, remain optimistic for 2016: BD+C survey
By all indications, 2015 was another solid year for U.S. architecture, engineering, and construction firms.
Market Data | Jan 5, 2016
Nonresidential construction spending falters in November
Only 4 of 16 subsectors showed gains
Market Data | Dec 15, 2015
AIA: Architecture Billings Index hits another bump
Business conditions show continued strength in South and West regions.
