Construction spend across the leisure and hospitality sector set to soar worldwide

Construction spend across the leisure and hospitality sector set to soar worldwide

Spending on leisure and hospitality construction has improved significantly since 2012, rising to US$181 billion in 2016 and forecast to reach US$232 billion by 2021, supported by growing tourism, particularly in Asia-Pacific and the Middle East and Africa. Within these, China, Thailand, Malaysia, Indonesia, the UAE and Qatar are all expected to grow at above […]

Spending on leisure and hospitality construction has improved significantly since 2012, rising to US$181 billion in 2016 and forecast to reach US$232 billion by 2021, supported by growing tourism, particularly in Asia-Pacific and the Middle East and Africa.

Within these, China, Thailand, Malaysia, Indonesia, the UAE and Qatar are all expected to grow at above 7 per cent per year, with huge developments planned or in progress.

This report provides a detailed analysis of the global leisure and hospitality buildings construction market. It features an analysis of US$2.7 trillion-worth of leisure and hospitality-related projects globally, from announcement to execution, and listings of the top 50 projects globally and top 20 for each region.

Key Highlights

  • Overall spending on leisure and hospitality construction was US$181bn in 2016, and predicted to rise by 5.2% per year in nominal terms to 2021
  • The largest markets by construction output value are the US, China and the UK with spending of US$56bn, US$39bn and US$10bn respectively.
  • The largest region by project pipeline for mixed-use leisure and hospitality projects is the Middle East and Africa, which is dominated by the UAE, ahead of Asia-Pacific. For pure leisure and hospitality projects, the largest is Asia-Pacific and largest single country by project pipeline value is the US.
  • Based on all projects in development and execution commencing on schedule, the total pipeline peaks at US$452 billion in 2019.
  • The leading global contractors are China State Construction, ACS and Arabtec, whilst the leading architects and designers are Gensler, HKS, Arcadis and Woods Bagot.

For more information about this report visit https://www.researchandmarkets.com/research/x6sbmc/spending_on?w=4

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Spending on leisure and hospitality construction has improved significantly since 2012, rising to US$181 billion in 2016 and forecast to reach US$232 billion by 2021, supported by growing tourism, particularly in Asia-Pacific and the Middle East and Africa.

Within these, China, Thailand, Malaysia, Indonesia, the UAE and Qatar are all expected to grow at above 7 per cent per year, with huge developments planned or in progress.

This report provides a detailed analysis of the global leisure and hospitality buildings construction market. It features an analysis of US$2.7 trillion-worth of leisure and hospitality-related projects globally, from announcement to execution, and listings of the top 50 projects globally and top 20 for each region.

Key Highlights

  • Overall spending on leisure and hospitality construction was US$181bn in 2016, and predicted to rise by 5.2% per year in nominal terms to 2021
  • The largest markets by construction output value are the US, China and the UK with spending of US$56bn, US$39bn and US$10bn respectively.
  • The largest region by project pipeline for mixed-use leisure and hospitality projects is the Middle East and Africa, which is dominated by the UAE, ahead of Asia-Pacific. For pure leisure and hospitality projects, the largest is Asia-Pacific and largest single country by project pipeline value is the US.
  • Based on all projects in development and execution commencing on schedule, the total pipeline peaks at US$452 billion in 2019.
  • The leading global contractors are China State Construction, ACS and Arabtec, whilst the leading architects and designers are Gensler, HKS, Arcadis and Woods Bagot.

For more information about this report visit https://www.researchandmarkets.com/research/x6sbmc/spending_on?w=4

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