500-plus new hotel projects coming to China by 2020 [Download construction report]
There are currently 1,062 projects in the works in China, making it the most robust hospitality market on the planet.
According to TOPHOTELCONSTRUCTION, the hotel projects in China will yield nearly 150,000 new rooms for one of the world’s most dynamic hospitality markets in the world.
New numbers from the TOPHOTELCONSTRUCTION database paint a dynamic and exciting picture of the hotel project pipeline in China.
A new report shows there are currently 1,062 projects in the works in China, making it the most robust hospitality market on the planet.
Once completed, those projects will yield a grand total of 256,506 guest rooms. These drastic expansion numbers mean some hotels companies will be more than doubling their footprint in China in the coming years.
With all this in mind, the hotel project pipeline in China deserves a closer look.
An ambitious timeline
After learning of the many new properties coming to China soon, the next question hotel investors, owners and managers are likely to ask is when these projects are due to open.
The TOPHOTELCONSTRUCTION database indicates that much of this grown is slated to take place in the very near future.
Roughly 55% of the projects currently in China’s pipeline are planned to open by the end of 2020 and will add more than 500 new hotel projects and nearly 150,000 rooms to the market.
For the following years, figures are still more approximate as some projects’ plans are not completely finalized and opening dates are not yet decided.
The brands leading the way
Another relevant question is which brands the driving force behind the many new openings will be.
Leading the way is Hilton Hotels & Resorts, which has 40 projects and 11,272 rooms currently under development in China.
Since the Asia Pacific market remains one of the most popular in the world and numbers of visitors travelling to this region, and China in particular, grow every year, this trend is no surprise and is likely to continue in the foreseeable future.
Let’s take a look at a few other projects currently underway in China:
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