Lodging Econometrics: Global Hotel Construction Pipeline Reaches Record High
The Q2 2024 Global Construction Pipeline Trend Report by Lodging Econometrics (LE) stated that the total pipeline ascended to a record-high 15,453 projects with 2,395,726 rooms, up 6 percent by projects year-over-year (YOY) and 4 percent by rooms. Worldwide, at the close of the second quarter, there were 6,265 projects/1,115,989 rooms under construction, up 2 percent by projects and 1 percent by rooms YOY. Projects and rooms scheduled to start construction in the next 12 […]
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