As seen in the Q1 2024 Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in the Asia Pacific region, excluding China, (APEC) reached a record&breaking project total of 2,021 projects/402,312 rooms. This new all&time high represents a 7% year&over&year (YOY) increase in projects and a 2% YOY increase in rooms.