According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline stands at 3,440 projects/656,828 rooms at the end of first quarter 2021, down 3 percent by projects and up 2 percent by rooms, year-over-year. While project counts may be down year-over-year, the total number of rooms in China’s Construction Pipeline reached a cyclical peak this quarter and is the highest it has been in more than 12 years.
The lodging industry in China is steadily working toward recovery from the COVID-19 pandemic. The country has administered approximately 511 million vaccines, as of May 23, and while international travel is still limited and full recovery could take a long time, domestic travel has shown rapid growth in recent months. National holidays, conferences, weddings and large celebrations have led to a boom in leisure and business travel, and the increased demand for travel accommodations is expecte
