China's Hotel Construction Pipeline Soars With 678,965 Rooms
Skift Take
- China has a hotel construction pipeline of 3,666 projects with 678,965 rooms. Mid-level upscale and upper midscale projects are active. Hilton, IHG, and Marriott lead the franchise companies.
- Vietnam's luxury hotel supply grew 6.2% in H1 2023, with 235 five-star and 354 four-star hotels. The country served 4.3 million overnight visitors.
- Accor plans 10+ new hotels in India and supports unbranded hotels with the Cozzet Collection.
Vietnam New Brief reported that the supply of four and five-star hotels inVietnam rose 6.2% year over year in the first half of 2023. They cited a report by Outbox Company saying that at the end of June, Vietnam had 235 five-star hotels with 77,895 rooms and 354 four-star hotels with 47,502 rooms. Compared to 2019, that was an increase of 105 four and five-star accommodations or 21.7%, while the number of rooms was up by 25,116 or 25%. Vietnam hotels served 4.3 million overnight visitors in the first half of 2023.
According to the most recent Construction Pipeline Trend Report for China from Lodging Econometrics, the country’s pipeline is 3,666 projects/678,965 rooms.
China Pipeline Ending Q2 2023 StatusProjectsRoomsUnder construction2,655478,703Scheduled to start in the next 12 mos.35764,174Early planning654136,088 China Starts and Announcements Ending Q2 2023 StatusProjectsRoomsNew construction starts6028,256New project an
