Lodging Econometrics: Global Hotel Pipeline Reached Record High Project Counts in Q4 2023
The Q4 2023 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) revealed that the global hotel construction pipeline hit all-time high project counts in Q4. At the close of 2023, LE analysts stated that the total global construction pipeline stands at 15,196 projects/2,367,727 rooms, a 7 percent increase in projects, and a 3 percent increase in rooms year-over-year (YOY). There were 6,160 projects/1,096,748 rooms currently under construction worldwide in Q4 2023, for a […]
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