LE: Global Hotel Construction Pipeline Hits All-Time High for Room Counts
The Q1 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) revealed that the total global pipeline hit an all-time high for room counts and highlighted an increase in full-service projects at the close of the first quarter. LE analysts reported that, in Q1, the total global pipeline stood at 15,366 projects/2,382,195 rooms, a 6 percent increase in projects, and a 3 percent increase in rooms year-over-year (YOY). There were 6,195 projects/1,101,602 rooms […]
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