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Hotel Industry: China's total construction pipeline is up YOY
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Key Words：Hotel Econometrics,Hotel,guestrooms
Time：2017-09-13 09:59
China's total hotel construction pipeline has 2,410 projects and 525,225 guestrooms, up 7 percent year-over-year, according to Lodging Econometrics.
There are 1,724 hotels and 356,816 guestrooms under construction, up 4 percent by projects YOY. Projects scheduled to start construction in the next 12 months are at 324 hotels and 74,225 guestrooms, up 15 percent. Meanwhile, hotels in the early planning stage increased by 2 percent to 362 hotels and 94,184 guestrooms.
The top hotel companies in China’s construction pipeline are Hilton Worldwide with 292 hotels and 71,895 guestrooms, Marriott International with 253 projects and 72,062 guestrooms, and InterContinental Hotels Group with 206 hotels and 56,354 guestrooms. The largest brands in the pipeline for each of the these companies are Hilton’s Hampton Inn & Suites with 113 hotels and 17,130 guestrooms, Marriott’s full-service hotel with 51 projects and 16,227 guestrooms and IHG’s Holiday Inn Express with 62 hotels and 13,929 guestrooms.
Cities in China with the largest pipelines are Shanghai with 120 projects and 23,941 guestrooms, Guangzhou with 113 hotels and 21,890 guestrooms, Chengdu with 93 hotels and 20,865 guestrooms, Suzhou with 87 projects and 17,048 guestrooms and Beijing with 82 hotels and 13,919 guestrooms.
In early July, Marriott opened the first of more than 100 hotel signings slated to open over the next five years. The Fairfield by Marriott brand debuted in Greater China with the launch of Fairfield by Marriott Nanning Nanhu Park. Marriott International and Dossen International Group signed the new Fairfield hotel in September 2016 under an exclusive development agreement as part of Marriott’s plan to expand in China’s select service sector. The property is in the Qingxiu District of Nanning City near Wanda business district, Xinabin Lake Park, the Nanning International Convention and Exhibition Center, Nanning East Railway Station and Nanning Wuwei International Airport.
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