LE: Upper-midscale projects lead U.S. construction pipeline
Number of total projects increases 7%
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LE: China construction pipeline near all-time high
Upscale and upper-midscale projects dominate
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LE: 5.4K+ projects in U.S. construction pipeline at year-end ’22
All stages experienced positive YOY growth in Q4
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LE: As travel returns, U.S. construction pipeline growth follows
Up 9% by projects and 4% by rooms YOY
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