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China’s hotel pipeline: 548 hotel openings expected in 2019, and 540 in 2020

11/13/2018| 9:45:51 AM|

Shanghai and Guangzhou continue to lead China’s total construction pipeline with 121 projects/24,759 rooms, and 108 projects/26,022 rooms, respectively.

Projects presently under construction are at 1,814 projects/389,328 rooms, projects starting construction in the next 12 months are at 367 projects/78,361 rooms, and projects in the early planning stage are at 342 projects/88,956 rooms.

New hotel openings in the first half of 2018 were 173 hotels/35,585 rooms. The LE forecast for new hotel openings expects another 461 projects/71,788 rooms to open in the second half of 2018, bringing expected new hotel openings to 634 projects/107,373 rooms by year-end 2018. In the years following, 548 new hotel openings are expected in 2019 and 540 in 2020.

Shanghai and Guangzhou continue to lead China’s total construction pipeline with 121 projects/24,759 rooms, and 108 projects/26,022 rooms, respectively. Guangzhou’s construction pipeline is at an all-time high. The city has shown continued growth, rising to a 300% increase in projects since the pipeline bottomed in the second quarter of 2008 with a mere 27 projects. These cities are followed by Chengdu with 88 projects/20,051 rooms; Hangzhou with 79 projects/17,904 rooms; and Suzhou with 74 projects/14,597 rooms.

Top franchise companies in China’s construction pipeline are all hitting record highs. They are led by Hilton Worldwide with 375 projects/84,964 rooms; InterContinental Hotels Group (IHG) with 314 projects/74,611 rooms; and Marriott International with 285 projects/79,663 rooms. These three companies make up an impressive 43% of rooms in the total hotel construction pipeline.

The leading brands in the construction pipeline for these companies are Hilton’s Hampton Inn with 185 projects/28,590 rooms and DoubleTree with 59 projects/19,784 rooms; IHG’s Holiday Inn Express with 137 projects/26,402 rooms and Holiday Inn with 61 projects/16,412 rooms. The leading brand for Marriott International is the full-service Marriott Hotel & Resort with 66 projects/20,531 rooms. All of these brands are at record highs.

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TAGS: IHG | Hilton | Marriott
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