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U.S. hotel construction pipeline hits 749K rooms at Q1 2025 close

Hotel Business

This acceleration toward conversions, forecast to nearly match new construction openings in 2025, indicates developers’ strategic pivot to asset repositioning and optimization amid elevated construction costs and tighter financing. hotel construction pipeline hits 749K rooms at Q1 2025 close appeared first on hotelbusiness.com.

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Aptech unveils TVNG budgeting and forecasting tool

Hotel Business

Aptech has launched TVNG, its next-generation budgeting and forecasting solution for hotels. With the integration of actual data from PVNG, blended forecasts are available throughout the year to manage against budgets, identify trends and track the specific data needed to make changes to your plan.

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CBRE: U.S. hotel performance impacted by moderate summer demand

Hotel Business

hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE ’s latest forecast. CBRE now forecasts a 0.5% This revision reflects a 40-basis point (bps) decrease in expected occupancy compared to the prior forecast, with occupancy anticipated to decline by 30 bps year-over-year. “The

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LE: Dallas leads construction pipeline in Q1

Hotel Business

Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) finds that, at the close of the first quarter of 2025, the top five markets with the largest hotel construction pipelines are led by Dallas with 203 projects/24,496 rooms, a new all-time-high room total representing 9% project and 11% room growth year-over-year (YOY).

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LE: Nearly half Europe’s pipeline currently under construction

Hotel Business

As seen in the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , at the close of 2025s first quarter, the region’s total pipeline stands at 1,683 projects/247,472 rooms. LE analysts forecast a total of 355 new hotels/47,549 rooms to open by year-end 2025.

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LE: Record number of projects in U.S. construction pipeline

Hotel Business

At the close of the third quarter, there are 1,185 projects/148,716 rooms under construction, marking an 11% increase in projects and a 6% increase in rooms YOY. Looking ahead, LE analysts forecast 759 new hotels/86,264 rooms to open in 2025, representing a 1.5% This marks a new all-time high for projects in the U.S., supply increase.

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LE: Dallas leads nation’s hotel construction boom

Hotel Business

The LE forecast for new hotel openings for the remainder of 2024 in the U.S. The New York market is forecast to open 20 new hotels/2,181 rooms, followed by Atlanta and Dallas with 16 new hotels each (2,898 and 2,045 rooms, respectively), Orlando with 13 new hotels/2,398 rooms, and Indianapolis with 12 new hotels/1,347 rooms.