In the recent China Construction Pipeline Trend Report from Lodging Econometrics (LE), LE analysts report that China's total hotel construction pipeline, at the close of Q3 2022, stands at 3,604 projects/684,288 rooms, up 1% by projects and unchanged by rooms year-over-year (YOY).
Currently, the country has 2,543 projects with 462,132 rooms under construction, with projects scheduled to start construction in the next 12 months at 417 projects with 78,990 rooms. Projects and room counts in the early planning stage reached record highs in the third quarter, up 13% by projects and 8% by rooms YOY, standing at 644 projects/143,166 rooms. The upscale chain scale hit peak project counts in the third quarter and accounts for 22% of projects and 28% of the rooms in China’s hotel construction pipeline
Top brands in the pipeline at the Q3 close are led by Hampton by Hilton with 354 projects/52,823 rooms. Hilton’s second largest brand, by project count, is its Hilton Garden Inn brand with record high project and room counts of 99 projects/19,287 rooms. IHG brands with the greatest number of project counts in the pipeline are Holiday Inn Express with 182 projects/29,537 rooms and its Holiday Inn brand with 73 projects/17,727 rooms. Jin Jiang Holdings’ top brands in China’s hotel construction pipeline at Q3 are 7 Days Inn with 90 projects/7,060 rooms and its Vienna Hotel brand with 36 projects/3,722 rooms. Marriott brands with the largest project counts are Marriott Hotel with 66 projects/20,241 rooms and Four Points Hotel with 65 projects/17,627 rooms. Accor’s leading brands in China are its Ibis brands with 56 projects/5,866 rooms and its Mercure Hotel brand with 49 projects/7,989 rooms.
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