The report states that the total global construction pipeline stands at 12,839 projects reflecting 2,158,422 rooms which are at all-time highs. The construction pipeline is up an extraordinary 86 percent by projects over the cyclical low established in 2011 when global counts were at 6,907 projects representing 1,257,296 rooms.
There are 5,988 projects - 1,133,017 rooms currently under construction worldwide. Projects scheduled to start construction in the next 12 months are at 3,945 projects - 570,731 rooms, both counts are at record highs. Projects in the early planning stage stand at 2,906 rooms - 454,674 projects, just 134 projects short of the record high established in the fourth quarter of 2017.
The top countries by project count are the US, which has been rising since 2011, with 5,312 projects - 634,501 rooms, and China with 2,523 projects - 556,645 rooms which has been topping out for the last 4,5 years.
The cities with the largest pipeline counts are New York with 169 projects - 29,365 rooms, Dubai with 163 projects - 47,783 rooms, and Dallas with 156 projects - 18,908 rooms.
The 25-year explosion of hotel brands now totals 610 globally. Marriott International leads with 29 labels, followed by AccorHotels with 25, Hilton Worldwide with 15, Choice Hotels with 11, and InterContinental Hotels Group and Hyatt with 12 each.