Global hotel development has reached a record high with nearly 16,000 projects currently in the “pipeline”, according to industry analyst Lodging Econometrics (LE).
LE said in its latest trends report that there were 15,820 hotel projects in various stages of development around the world at the end of 2024, which would add nearly 2.5 million rooms globally, with Europe accounting for around 10 per cent of these new properties (1,661) and rooms (244,464).
The US accounts for around 40 per cent of all hotel developments with just under 6,400 projects, while China’s share of the global pipeline is 24 per cent at around 3,800 new properties.
India is seeing “notable growth” in hotel development, added LE, where the number of…
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