China Pipeline Strength Is at the Higher End
Skift Take
The majority of projects are concentrated in the upper midscale and upscale segments, which account for 69% of the projects and 65% of the rooms in the pipeline. This focus on mid-to-high-end properties suggests a market shift toward catering to more affluent travelers.
STR reported China hotel data for the week ended August 10. China hotel RevPAR was down -8.5% on a year-over-year basis. It was up against a +37% comp result in 2023. Occupancy was down -0.5% for the week, year over year, while ADR was down -8%.
Lodging Econometrics’ Q2 2024 Hotel Construction Pipeline Trend Report for China, the country’s pipeline stands at 3,815 projects and 699,786 rooms. Here is the rest of the pipeline report:
China Hotel Construction Pipeline (Q2 2024) CategoryProjectsRoomsTotal Pipeline3,815699,786Under Construction2,743498,551Scheduled to Start in Next 12 Months39070,520Early Planning682130,715Projects Started in Q2 202429137,261New Projects Announced in Q2 202426443,301Renovation and Conversion Projects (Q2)20642,084 China Hotel Construction Pipeline by Chain Scale (Q2 2024) Chain ScaleProjectsRooms% of Total Projects% of Total RoomsUpper Midscale1,227190,26832%27%Upscale979219,10426%31%Midscale43743,20611%6% Top Cities in
