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The leading brand within the top five franchising companies was IHG’s Holiday Inn Express with 709 projects/86,836 rooms The leading brand within the top five franchising companies was IHG’s Holiday Inn Express with 709 projects/86,836 rooms

Global Construction Pipeline Growing – LE

Global real estate intelligence provider Lodging Econometrics’ (LE) global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, states the total pipeline stands at 12,714 projects/2,139,002 rooms, up seven percent by projects year-over-year (YOY).

There are 5,952 projects/1,115,288 rooms under construction, up eight percent by projects YOY.

Projects scheduled to start construction in the next 12 months, at 3,988 projects/584,433 rooms, are up six percent while projects in early planning at 2,774 projects/439,281 rooms are up five percent YOY.

The leading five franchise companies in the global construction pipeline by project-count are, Marriott International (2,381 projects/398,238 rooms), Hilton Worldwide (2,180 projects/322,857 rooms), InterContinental Hotels Group (1,600 projects/234,807 rooms), AccorHotels (781 projects/140,396 rooms), and Choice Hotels (629 projects/153,992 rooms).