Updated: Jun 5, 2019
May 15, 2019- New York City is the place to be concerning growth - the city has 171 hotels (29,460 rooms) in the pipeline and come in second place in Dubai which has a pipeline of 168 hotel construction projects with 49,950 rooms as of 2018.
It is reported that hotel construction projects globally increased by 7% in 2018, marking "a record high" for the world, with 13,573 projects currently in the pipeline. Four of the seven global regions – including Europe, Africa, the Middle East, and the Asia Pacific – reached all-time highs in 2018. Lodging Econometrics found that 6,352 hotels, with 1.1 million rooms, are currently under construction in the world, and 3,860 projects (572,490 bedrooms) are due to start construction in the next 12 months.
The number of Simultaneously, room numbers showed an upward trend, with an annual increase of 6% to 2.3 million rooms in 2018.
In November 2018, the UAE led the Middle East's hotel construction with 223 projects comprising 63,734 rooms, which is roughly around 36% of the region's Q3 2018 pipeline of 617 plans.