The US has almost 6,000 new hotel projects in the pipeline, topping the list for hospitality construction schemes worldwide.
Lodging Econometrics (LE) has released its year-end Global Construction Pipeline Trend Report, which compiles construction pipeline counts for every country, and city around the world.
The top countries by project count are the United States with 5,748 projects (708,898 rooms), slightly short of its all-time high of 5,883 projects set in the second quarter of 2008.
The US accounts for 38% of projects in the global construction pipeline as a result.
Los Angeles also topped the list when it came to the city with the largest pipeline count. There are currently 168 projects being lined up, followed close behind by Dallas with 160 projects and New York with 158 projects.
After the US, China has reached an a new all-time high when it comes to pipeline projects, with a total of 643,435 rooms under construction across the country accounting for 24% of all projects.
At the close of 2019, LE analysts state that the total
global construction pipeline hit record highs with 15,000 projects (2,454,954
rooms), a 11% increase in projects and an 8% increase in rooms year-over-year
There are 6,859 projects rooms currently under construction worldwide. Projects scheduled to start construction in the next 12 months and projects in the early planning stage are at all-time highs and stand at 4,533 projects and 3,608 projects respectively.