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China’s Pipeline is Growing

News It looks like the pandemic has had very little impact on the hotel construction plans in China. The country’s hotel pipeline keeps growing, currently reaching 3,454 projects with a total of 661,043 rooms. This is 2% more than a year ago and very close to the all-time high record of the region (3,574 hotels with a total of 647,704 rooms) which was set in the second quarter of 2020.

As many as 2,401 projects (437,731 rooms) are under construction at the moment. This is 5% more by the project number and 7% more by the room count year-on-year. The construction of additional 556 hotels (103,958 rooms) will start in the next 12 months. This is 6% less by the hotel number and 11% less by the room count. At the same time, the number of projects in the early stage is at an all-time high. In terms of categories, most early-stage projects belong to upper-midscale, upscale, and upper-upscale levels. As construction is slowly resuming to its pre-pandemic state in China, more hotel projects that are currently on hold will be advancing.

What destinations are the most interesting for investors? It looks like hotels in Chengdu are particularly popular as this Chinese city leads the country’s hotel pipeline in Q2 2021 with 138 projects with a total of 28,009 rooms. Shanghai hotels are the second most popular (123 hotels in the pipeline and 23,891 rooms) followed by Guangzhou (121 hotel projects and 24,836 rooms) and Wuhan (101 projects with 14,064 rooms). Hotels in Xi’an ranked fifth with 93 projects (16,395 rooms) in the pipeline.

Global hotel companies keep increasing their presence in the country, and so the number of hotels they are building in China is at a record-high level nowadays. Hilton Worldwide is in the process of constructing a record-high number of hotels (634 hotels and 120,697 rooms). InterContinental has 444 hotels (92,342 rooms) under construction in China, which is also a record. Finally, the third top franchise hotel company is Marriott International with an all-time high number of 394 hotels (105,961 rooms) under construction. JinJiang Holdings and Accord have the fourth and fifth largest hotel pipelines in China respectively.

Over the first six months of 2021, 221 new hotels with a total of 37,227 rooms opened in China. The plans for hotel openings in the second half of this year are the following – 622 hotels with a total of 90,586 rooms.

21.08.2021

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Individual City Guides

Courmayeur
Courmayeur travel guide
Courmayeur is a prestigious Italian resort that offers ski trails for both beginners and professional athletes. Every year, numerous guests visit this marvelous winter resort to enjoy a vacation here. In the opinion of many, this region is incredibly beautiful, and picturesque local nature invokes a feeling of peace, harmony, and serenity in the hearts of guests. Courmayeur is present in many postcards with popular Italian destinations. Thanks to the mountains that surround the resort, the … Read further
Dortmund
Cuisine of Dortmund
Dortmund is home to a huge number of various places to eat for both budget travellers and tourists who prefer gourmet cuisine. During their walk around the city vacationers will surely see a huge number of small stalls that offer to buy hot dogs and sandwiches. One of these kiosks is located near the Kampstrasse Metro Station. In Currywurst kiosk you can pay only 2 euros to buy a delicious portion of hot sausages. By the way, there are always large turns close to popular fast food restaurants. … Read further
Kalamata
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Kalamata is the second most populous city of the Peloponnese peninsula, but its population is just a bit more than half a hundred thousand people. On the other hand, this is a city with centuries-old history. Kalamata became the cradle of the liberation movement of the Greeks against Turkish invaders. Kalamata is full of contrasts. Local people love their home city and are very proud of it. That is why they are always ready to tell interesting stories about the glorious military past of the city … Read further
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Viareggio is rich in architectural and historical monuments. All most important excursion sites are located in the historic district of the city. Here vacationers should visit St. Andrew Basilica. This amazing religious monument was built in the first half of the 19th century. Today the beautiful church is surrounded by lush vegetation. All tourists are welcome to look at the inner decoration the basilica - its halls contain several important religious artifacts. Brunetti house is a striking … Read further
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Not only those who’re fond of historic sites would love Tilos Island but also the ones who prefer active holidays. The island is quite small, so locals prefer to walk rather than use cars. That is why the majority of more or less large settlements and specific natural objects are connected with each other by footpaths. There are about 20 routes of different length. Basically, you can easily find yourself an activity you would like most – from 2-kilometer-long walks, for instance, a trip from … Read further
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In Amman for tourists with children, too, has been prepared a lot of interesting entertainment. The city has a wonderful Children's Museum. Its opening took place in 2007. In the original museum, kids are offered very interesting excursions that take place on the principle of interactive games. Small museum guests will be able to learn about the features of various professions, as well as to understand the basics of science. They will be invited to take part in interesting studies, as well as … Read further
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Extreme and fun in La Paz
Take a Funicular Ride. There is the Teleferico Funicular in La Paz. It is open from 5:30 to 22:30 since the end of spring 2014. You will pay 3 bolivianos for the ticket. You will sit in its booth at the lower station. It is located next to the Taypi Uta central station. You will ride over the city to the one-story houses of El Alto. You can enjoy the view of La Paz and the snow-capped mountains during your trip. Tour of the San Pedro Prison. You will have the opportunity to take a tour of the … Read further
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