Lodging Econometrics (LE) has released its Global Hotel Construction Pipeline Trend Report, which compiles the hotel construction pipeline counts for every country and market around the world. The report for Q2 2021 states that the total global hotel construction pipeline stands at 13,420 projects/2,253,499 rooms. Year-over-year (YOY) the pipeline decreased 9% by projects and 7% by rooms. However, the construction pipeline is up a noteworthy 94% by projects over the cyclical low established in 2011 when global counts were at 6,907 projects/1,257,296 rooms.
