China and India Lead Global Hotel Development

Of all the global regions, Asia Pacific continues to exhibit the strongest recovery from the worldwide recession, according to hotel real estate advisors Lodging Econometrics (LE).

Every global franchise group with high-end brands has aggressive development programs and continues to see the region, particularly China and India, as having substantial potential throughout the new decade.

Total Hotel Pipelines

Projects

Rooms

Asia Pacific

2,009

484,161

United States

3,221

386,656

Europe

697

117,964

Middle East

422

113,680

Latin America

486

81,419

Source: Lodging Econometrics Q3 2010

China’s hotel pipeline has been increasing for seven consecutive quarters and has now surpassed its previous peak reached in Q2 2008.  

For perspective, the number of hotels currently under construction in China (986 properties/264,382 rooms) is greater than the entire pipelines of every other region except the United States.  LE says that 44% of all the hotel rooms presently under construction in the world are in China.

With an astonishing 79% of its hotel pipeline already being built, China is expected to open more hotels over the next few years than any other country in the world. LE’s forecast is for 449 hotels in 2011 and 290 in 2012.

As in China, global hotel companies are flocking to India where the total pipeline has reached 454 hotels representing 79,915 rooms and more than half of these are already under construction. LE’s forecast for new hotel openings in India is for 88 in 2011 and 91 in 2012.

For more details on Global Hotel Development Trends download PDFs here.

Latin America Report

US Report

EMEA Report

Asia Pacific Report

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