Hotel construction pipeline growth in China picks up with the return of travel traveldailynews.asia - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from traveldailynews.asia Daily Mail and Mail on Sunday newspapers.
According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline stands at 3,659 projects/680,959 rooms at the end of Q1‘23, down 1% by projects and 3% by rooms year-over-year (YOY). While project counts may be down YOY, domestic and international travel gained significant momentum during the first quarter. The reopening of borders and national holidays has largely aided in the increased demand for travel accommodations, which is expected to continue this upward trajectory through the second quarter. As a matter of fact, in Q1, the country’s economy grew the fastest it had in over a year, showing people are eager to return to travel and normalcy.
Before outlining his investment plans, Hunt said that the UK would avoid recession in 2023 and his budget would set out plans for “long term, sustainable
Dublin, Jan. 18, 2023 (GLOBE NEWSWIRE) The "UK Construction Equipment Market - Strategic Assessment & Forecast 2023-2029" report has been added to.