In the recently released China Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the country’s total hotel construction pipeline, at the close of the fourth quarter, stands at 3,581 projects/675,074 rooms.
At the close of 2022, hotel development in China continued to move forward despite the country’s economic slowdown. This deceleration, due in part to rigorous COVID restrictions, reduced demand for exports, and a real estate decline, is expected to rebound in 2023 as more cities implement relaxed COVID guidelines and consumer spending and real estate investing increase.
