Global hotel development pipeline reaches ‘record high’

According to industry data specialist Lodging Econometrics, the scale of hotel development globally has reached a “record high”, with nearly 16,000 new properties in the pipeline, adding  nearly 2.5 million rooms if they all go ahead.

Currently around 6,250 projects are under construction adding just over 1 million rooms worldwide.

Europe accounts for 10.6%, with just under half already being built; the US and China dominate the list of the countries with the highest number of new hotel projects, 64% of the total projects worldwid, followed by India, Saudi Arabia and Canada.

In Europe, the UK leads the way with 282 hotel developments, London highest with 79 projects in the pipeline.

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