Hottest developments in China

INTERNATIONAL REPORT — China’s hotel construction pipeline reached a record high of 3,720 projects and 686,017 rooms, up 3% for projects year-over-year, according to the latest data released by Lodging Econometrics.

LE attributes the record to the large number of upscale and upper midscale projects, which both hit project and room count peaks in Q3.

Forty-five percent of the projects in China’s top cities were in the upscale and upper-midscale segments. The largest upscale project in the top five markets is the 886-key Narada Resort & Spa in Guangzhou and the biggest upper midscale project is the 468-key Primus Hotel in Chengdu.

Chengdu was the top market in China in the third quarter, with 153 projects and 30,747 rooms. All but nine of those projects are new construction.

Shanghai is the No. 2 market with 134 projects and 26,857 rooms. Only 13 of those projects are projects are renovations or conversions.

Guangzhou is the third-place market for the quarter with 114 projects and 23,783 rooms. All but six of the projects are new construction.

Hangzhou is fourth with 97 projects and 19,913 rooms. Seven of the projects are renovations or conversions.

Wuhan is the fifth-place market with 93 projects and 12,904 rooms. Ninety of the projects are new construction. 

Top five hotel development markets in China

Take a look at the graphic below for more detailed numbers.

PREVIOUS REPORTS

In September, we told you about the hottest development markets in the U.S.

In early October, we told you about the hottest development markets in Latin America.

In late October, we told you about the hottest development markets in Europe.

In early November, we told you about the hottest developments in the Middle East.

In mid-November, we told you about the hottest developments in Asia Pacific (excluding China).