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Resurgence in Full-Service Projects in the Global Construction Pipeline at Q1 2024

Resurgence in Full-Service Projects in the Global Construction Pipeline at Q1 2024
hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.

Global Hotel Construction Pipeline Sets a New Record

Global Hotel Construction Pipeline Sets a New Record
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The Global Construction Pipeline Ascends to Record Project Counts at 2023 Year-End

The Q4 2023 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the global hotel construction pipeline hit all-time high project counts at Q4. At the close of 2023, LE analysts state that the total global construction pipeline stands at 15,196 projects/2,367,727 rooms, a 7% increase in projects and a 3% increase in rooms year-over-year (YOY).

Over 1 Million Hotel Rooms Are Currently Under Construction Worldwide

Article - Over 1 Million Hotel Rooms Are Currently Under Construction Worldwide - There are 6,160 projects/1,096,748 rooms currently under construction worldwide at Q423, for a 2% increase by projects YOY.

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