Marriott International leads global construction pipeline
https://hoteldesigns.net/wp-content/uploads/2018/06/Property-Professional-magazine-Multi-billion-Rand-invested-in-new-hotels-in-SA-marroitt-feature.jpg 750 500 Hamish Kilburn Hamish Kilburn https://secure.gravatar.com/avatar/2edcad40930314dca244a6a9d0589916?s=96&d=mm&r=gThe Lodging Econometrics (LE) global construction pipeline trend report suggests that Marriot is leading the franchises in the global construction pipeline.
The construction pipeline that compiles statistics for every country and market in the world, states that the total pipeline stands at 12,714 projects/2,139,002 rooms, up seven per cent by projects year-over-year (YOY).
The leading five franchise companies in the global construction pipeline by project-count are: Marriott International with 2,381 projects/398,238 rooms, Hilton Worldwide with 2,180 projects/322,857 rooms, InterContinental Hotel Group (IHG) with 1,600 projects/234,807 rooms, AccorHotels with 781 projects/140,396 rooms, and Choice Hotels with 629 projects/153,992 rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 357 projects/38,826 rooms, Hilton’s Hampton Inn & Suites with 599 projects/75,642 rooms, IHG’s Holiday Inn Express with 709 projects/86,836 rooms, Accor’s Ibis with 156 projects/22,361 rooms, and Choice’s Comfort Suites with 126 projects/10,983 rooms.
According to the economics experts, there are currently 5,952 projects/1,115,288 rooms under construction, up eight per cent by projects YOY. Projects scheduled to start construction in the next 12 months, at 3,988 projects/584,433 rooms, are up six per cent while projects in early planning at 2,774 projects/439,281 rooms are up five per cent YOY.