The in-depth report, which includes 176 countries, states that the total global construction pipeline rose to a record high of 14,051 projects / 2,327,923 rooms - a 9% increase in projects and an 8% increase in rooms year-over-year.

The top countries by project count are the United States with 5,653 projects / 693,207 rooms (just 230 projects shy of its all-time high of 5,883 projects set in the second quarter of 2008), and China with a current pipeline of 2,991 projects/592,884 rooms, which is a new high.

The US accounts for 40% of projects in the total global pipeline while China has 21%, resulting in 61% of all global projects being concentrated in just these two countries. Following the two are Indonesia with 378 projects/63,196 rooms, Germany with 320 projects/57,689 rooms, and the United Kingdom with 280 projects/40,970 rooms.