New data shows China’s construction pipeline continues to grow.
The latest report from Lodging Econometrics shows 2,845 hotel properties are currently in the pipeline China, consisting of 590,809 rooms.
This is a 15 percent increase in projects year-over-year, and an 8 percent increase in rooms.
Lodging Econometrics said the construction boom has been led by the Government’s investment to offset the country’s manufacturing slump and slowing economy which has been induced by the intensifying trade war with the United States.
In the first quarter of the year, China opened 185 new hotels (27,455 rooms), with an estimated 795 properties (127,420 rooms) expected to open for all of 2019, with another 732 projects set to open in 2020 (124,160 rooms).
The franchise with the biggest pipeline in China is Hilton Worldwide, which has 421 projects with 86,750 rooms, followed by InterContinental Hotels Group, which has 340 hotels and 76,861 rooms.