In spite of escalating trade tensions with the United States, China’s hotel pipeline now stands at 2,845 hotels and 590,809 rooms, up 15 percent by hotels and 8 percent by rooms year over year – and a good number of the hotels are from American brands, according to Lodging Econometrics. Guangzhou leads this pipeline, with 128 hotels and 28,367 rooms under development, near its high set in Q4 2018, followed by Shanghai and Chengdu.
The consultant said liquidity unleashed by the government last year to offset the manufacturing slump and slowing economy had been a big driver for the industry.
Three global franchise companies now have record-high pipelines for China. Hilton takes the top spot with 421 hotels and 86,750 rooms. IHG follows with 340 hotels and 76,861 rooms. In April, IHG called Greater China its “fastest growing region.” The company recently opened its 400th Chinese hotel in Zhuhai.