U.S. and China Dominate Global Hotel Development, Accounting for 64% of Projects

The global hotel development landscape is heavily influenced by the United States and China, which together account for a staggering 64% of all hotel projects worldwide.

According to a recent report from Lodging Econometrics (LE), these two countries are at the forefront of the hospitality industry’s expansion, showcasing their significant roles in shaping global travel and accommodation trends.

The U.S. leads the world with a total of 5,078 hotel projects, representing 44% of the global pipeline. China closely follows with 3,040 projects, making up 20% of the worldwide total.

The U.S. has seen a consistent increase in hotel projects, with a notable 1,114 new hotel openings anticipated in 2024 alone. This growth is driven by a strong domestic travel market and a resurgence in international tourism as travel restrictions ease.

China’s hotel development is characterized by rapid growth, particularly in urban areas and emerging destinations. With 3,040 projects in the pipeline, the country is focusing on enhancing its hospitality offerings to cater to both domestic travelers and the expected influx of international tourists.

Beyond the U.S. and China, the global hotel pipeline includes a total of 11,500 projects, translating to approximately 2 million rooms.