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Click. daily update: Global construction pipeline hits record high

Each day, we curate a bite-sized round-up of the best industry news from across the world. We search the web for the latest hospitality updates and travel trends, so you don’t have to. Get comfortable with a coffee and tuck in to our daily must-reads

by Nicola Donovan, Click. Travel Writer, Booking.com

Topic: News

Click. Takeaway

Here are four of today’s most interesting reads to keep you in-the-know

1. Global construction pipeline hits record high

According to Lodging Econometrics, the total global construction pipeline hit record highs at the close of 2018, with 13,573 projects (7% increase) and 6% increase in rooms YOY. Additionally, there are a record breaking 1,172,591 rooms currently under construction worldwide. The top countries by project count are the US, followed closely by China.

Source: www.hospitalitynet.org

2. China travellers spend most on outbound travel

Chinese tourists are spending over a quarter of a trillion dollars on outbound travel, according to a new study by travel insurance provider Get Going. The nation is followed by the US, who have upped annual tourism spending by 9% to over US$135bn. Germany secured third spot, spending just under US$90bn last year.

Source: www.traveldailynews.com

3. UK hotel investment rises 102% above 12-year average

Investment in the UK hotels industry hit £7.4bn in 2018, a  £1.7bn increase YOY showing a rise of 29%, and 102% above the 12-year average, according to research by Knight Frank. The significant growth is said to be due to a 50% increase in international investment, with overseas buyers responsible for £4.9bn.

Source: www.boutiquehotelier.com

4. Women account for 70% of hotel bookings made by Chinese travellers

A growing proportion of travel consumers in China are now women, according to a Ctrip.com report. Whether for solo, couples, friends or family travel, the report noted that 70% of hotel bookings are made by Chinese women. Additionally, 75% of women travellers book four- or five-star hotels for family vacations and make up 57% of all solo travellers.

Source: www.jingtravel.com

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Nicola Donovan is a travel writer for Click.

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