Home > Hotels > China’s hotel pipeline shows second consecutive quarter YoY decline

China’s hotel pipeline shows second consecutive quarter YoY decline

06/06/2016| 1:46:11 PM|

China's pipeline at Q1 2016 stands at 2,448 projects with 549,222 rooms, indicating adecline in projects by 8% and rooms by 1%, on a year-on-year (YOY) basis.

China's pipeline at Q1 2016 stands at 2,448 projects with 549,222 rooms, indicating adecline in projects by 8% and rooms by 1%, on a year-on-year (YOY) basis, according to the latest China Construction Pipeline Trend report by Lodging Econometrics (LE).

Hotels under construction (1,789 projects with 375,638 rooms) constitutes 68% of the pipeline and is down 9% YOY.

Reflecting concerns about the slowdown in the economy and the availability of financing, announced projects are evidently slow to commence construction.

As a result, the number of projects scheduled to start in the next 12 months (294 projects/71,471 rooms) and those in early planning stages (365 projects/102,113 rooms) have hit new cyclical highs.

Read original article

TAGS: China | hotels
©2016 广州力矩资讯科技有限公司 粤ICP备06070077号-2
Tell us more about yourself!