China's Hotel Pipeline at Q3 2024

In the Q3 2024 China Hotel Construction Pipeline Trend Report by Lodging Econometrics, at the end of the quarter, China's total hotel construction pipeline reached 3,853 projects with 703,312 rooms up 4% by projects and 3% by rooms year-over-year. At the close of the third quarter, there are 2,793 projects/505,106 rooms under construction in China, up 5% by projects and rooms YOY. Projects scheduled to start construction in the next 12 months stand at 348 projects/60,095 rooms, down a slight 2% by projects and 8% by rooms YOY. Projects in early planning are up 1% by projects and down1% by rooms YOY, reaching 712 projects with 138,111 rooms. The upscale chain scale ended with 1,026 projects/224,688 rooms. The upper midscale chain scale has 1,230 projects/188,280 rooms. Brand conversion totals in China are at 174 hotels/29,893 rooms. Construction starts closed the quarter at 241 projects/39,138 rooms. Cities in China with the largest pipelines, at the Q3 close, are Chengdu with