China’s hotel construction pipeline continues to expand despite economic slowdown

China’s hotel construction pipeline continues to expand despite economic slowdown

Analysts at Lodging Econometrics (LE) reported that at the end of the first half of 2019, China’s total construction pipeline swelled to 2,991 projects or 592,884 rooms, up 19% by projects and 7% by rooms year-over-year (YOY), both at all-time highs, amidst an economic slowdown. The China growth rate is expected to be 6.2% for […]

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Source: traveldailymedia