Hotel Business

APRIL 30, 2025

By chain scale, upper-midscale projects account for the largest percentage of the pipeline with 132 projects/13,870 rooms, representing 39% of the total projects. LE analysts forecast new hotel openings in Canada will continue to rise through year-end 2026 with 43 new hotel openings with 5,479 rooms.

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Hotel Business

NOVEMBER 28, 2022

At the close of the third quarter, projects presently under construction stand at 320 projects/87,149 rooms. Seventy-two percent of its pipeline is concentrated in the three highest chainscales: luxury, upper-upscale and upscale, which typically boasts larger scale projects.

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Hotel Business

FEBRUARY 8, 2023

At the Q4 close, projects currently under construction stand at 946 projects/210,559 rooms, up 5% by projects YOY. Projects in early planning reached a record count at Q4, closing the quarter at 640 projects/127,918 rooms, up 20% by projects and 14% by rooms YOY.

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Scale Construction Pipeline Closing 52

Hotel Speak

APRIL 22, 2025

Business Intelligence Agents: Forecasting with Real-Time and Historical Data Hotel forecasting has historically relied on manual reporting, static historical data, and siloed systems. AI-powered business intelligence agents now allow operators to synthesize data from the PMS, revenue management systems, and market sources in real time.

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Hotelier Magazine

SEPTEMBER 5, 2023

Worldwide, at the close of the second quarter, there are 6,154 projects/1,108,498 rooms under construction, 3,679 projects/506,760 rooms scheduled to start within the next 12 months and 4,739 projects/694,980 rooms in the early-planning stage. LE analysts forecast a total of 2,531 new hotels with 380,515 rooms to open in 2023.

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Pipeline Scale Construction Forecasting 52

Hotel Speak

MAY 14, 2025

Predictive Demand Forecasting Predictive analytics utilizes historical data, market trends, and external factors to forecast future demand. Maintenance Forecasting : Use occupancy trends to schedule preventive maintenance before peak dates, avoiding unexpected breakdowns. Also Read: Is Your Hotel Ready for the Peak Season?

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Hotel Business

APRIL 27, 2023

continue to increase, standing at 5,545 projects/658,207 rooms at the close of Q1 2023. At the close of the first quarter, projects currently under construction stand at 1,051 projects/140,365 rooms, each showing 9% growth YOY. These two chain scales continue to dominate the pipeline and that is not expected to change anytime soon.

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Pipeline Construction Scale Closing 98

Hotel Business

MAY 11, 2023

At the close of Q1 2023, the pipeline stands at 546 projects/90,139 rooms, down slightly 3% by projects and 2% by rooms year-over-year (YOY). Early planning is up 11% by projects and 15% by rooms YOY to stand at 160 projects/24,218 rooms at the close of the first quarter.

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Hotel Business

NOVEMBER 8, 2023

In the Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report the total construction pipeline stands at 579 projects/95,144 rooms at the close of Q3 2023. Projects in the early planning stage stand at 163 projects/24,403 rooms at the close of the quarter, up 14% and 16% YOY respectively.

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Pipeline Construction Closing Forecasting 64

Hotel Business

AUGUST 15, 2024

As seen in Lodging Econometrics’ (LE’s) Q2 2024 Hotel Construction Pipeline Trend Report for China, the country’s hotel construction pipeline has reached unprecedented heights at the close of the second quarter. Projects in early planning grew 4% YOY at Q2 to close the quarter at 682 projects/130,715 rooms.

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Pipeline Construction Forecasting Closing 59

Hotel Business

JULY 28, 2023

According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics (LE), at the close of the second quarter, the hotel construction pipeline stands at 5,572 projects/660,061 rooms, with projects up 7% year-over-year (YOY) and rooms up 6% YOY. times the actual and forecasted industry growth rates from 2022-2025.

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Hotel Business

NOVEMBER 15, 2023

The record-high projects in the total pipeline can be attributed to the number of upscale and upper-midscale chain scale projects, which both hit project and room-count peaks this quarter. The upscale chain scale ended Q3 with a total of 850 projects/198,277 rooms, and the upper-midscale chain scale has 1,222 projects/194,515 rooms.

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Pipeline Construction Forecasting Scale 59

Hotel Business

MAY 14, 2024

At the close of the first quarter, China has 2,691 projects and a record-high 488,560 rooms under construction. The upper-midscale and upscale chain scales lead China’s pipeline at Q1, accounting for 57% of projects and 58% of rooms in the country’s total pipeline.

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Pipeline Construction Forecasting Scale 64

Hotelier Magazine

AUGUST 16, 2024

The Q2 2024 Canada Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that at the close of Q2, there are 322 projects/40,297 rooms in the country’s total pipeline. LE’s total new hotel openings forecast for 2024 anticipates 26 new hotels and 2,944 rooms will open by year-end. PORTSMOUTH, N.H. —

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Construction Pipeline Forecasting Closing 59

Hotel Business

AUGUST 16, 2024

In the Q2 2024 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report the region’s total pipeline stands at 1,680 projects/249,454 rooms at the quarter’s close. At Q2, most pipeline projects in Europe are concentrated in the upper-upscale, upscale and upper-midscale chain scales.

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Pipeline Forecasting Construction Scale 64

Hotel Business

MAY 16, 2024

According to the Q1 2024 Hotel Construction Pipeline Trend Report for Europe from Lodging Econometrics (LE), the region’s total pipeline stands at 1,705 projects/253,777 rooms at the close of the first quarter. Upper-midscale projects closed the first quarter with 305 projects/46,020 rooms.

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Pipeline Construction Forecasting Scale 59

Hotel Business

MAY 7, 2024

At the close of Q1 2024, the total hotel construction pipeline in Latin America stands at 604 projects and 100,990 rooms, marking an 11% increase in projects and a 12% increase in rooms year-over-year (YOY). The post LE: Q1 Latin America construction pipeline up 11% appeared first on hotelbusiness.com.

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Construction Pipeline Scale Forecasting 64

Hotel Business

AUGUST 7, 2024

The Q2 2024 Canada Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that at the close of the quarter, there are 322 projects/40,297 rooms in the country’s total pipeline. LE’s total new hotel openings forecast for 2024 anticipates 26 new hotels and 2,944 rooms will open by year-end.

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Construction Pipeline Forecasting Closing 59

Hotel Business

AUGUST 8, 2024

The Q2 2024 Latin America construction pipeline trend report from Lodging Econometrics (LE) indicates a positive growth trajectory for the region’s hospitality sector, with stable growth in new hotel openings forecast through 2026. These two countries account for 52% of the projects and 49% of the rooms in the total pipeline.

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Hotel Business

MAY 9, 2024

At the close of the first quarter, there are 866 projects/198,267 rooms under construction throughout the region. During the first quarter, 72 new hotels comprising 13,714 rooms opened in the APEC region, with an additional 311 new hotels/60,140 rooms forecast to open in Q2-Q4.

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Hotel Business

AUGUST 21, 2024

The Q2 2024 Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics reveals that hotel construction projects in the region have reached 607 projects with 147,088 rooms at the quarter’s close. Projects in early planning at the close of the second quarter stand at 162 projects with 31,515 rooms.

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Hotel Business

NOVEMBER 18, 2024

At the close of the third quarter, projects currently under construction stand at 296 projects/79,978 rooms, accounting for 49% of the region’s total pipeline projects. LE’s forecast for new hotel openings for Q4 2024 anticipates an additional 35 new hotels/6,916 rooms to open by year-end.

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Pipeline Construction Forecasting Scale 59

Hotel Business

AUGUST 22, 2024

Worldwide, at the close of the second quarter, there are 6,265 projects/1,115,989 rooms under construction, up 2% by projects and 1% by rooms YOY. Projects and rooms scheduled to start construction in the next 12 months grew 8% YOY to close the quarter at 3,972 projects/545,764 rooms.

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Hotel Business

OCTOBER 26, 2023

by Lodging Econometrics (LE), at the close of Q3 2023, the total U.S. At the close of the third quarter, there are 1,063 projects/140,331 rooms under construction, up 8% by projects and 4% by rooms YOY. Analysts at LE report that the upper-midscale chain scale has the largest project count of all chain scales in the total U.S.

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Construction Pipeline Scale Closing 59

Hotel Business

JUNE 18, 2024

Within the Charlotte market, at the close of the first quarter, hotels under construction stand at 11 projects/1,435 rooms. Combined, these two chain scales account for 44 projects/5,007 rooms. Looking ahead, LE’s total forecast for new hotel openings in the Charlotte market in 2024 are five projects/511 rooms, for a 1.2%

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Construction Pipeline Forecasting Scale 59

SiteMinder

SEPTEMBER 18, 2024

For our growing marketing and sales department, analytics plays a crucial role in how we approach our pricing strategy and decision-making,” she said, “We closely monitor competitor rates on a daily basis, allowing us to make timely adjustments to our pricing strategy to ensure we remain a preferred choice for guests.”

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Hotel Business

JANUARY 22, 2024

At the close of 2023’s fourth quarter, there are 1,118 projects/141,768 rooms under construction, up 11% by projects and 5% by rooms YOY. continued its upward growth trend through the end of 2023, closing the year with record project and room counts of 2,028 projects/303,330 rooms. hotel development in the year ahead. to increase 1.4%

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Hotel Business

AUGUST 21, 2023

At the close of the second quarter, the total pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the second quarter of 2022. Projects in the under-construction stage in China rose slightly year-over-year (YOY), closing the quarter at 2,655 projects/478,703 rooms.

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Hotel Business

NOVEMBER 21, 2023

The Middle East, with an average of 239 rooms per construction project, continues to have the largest hotel construction projects in the pipeline of any region in the world, with most of these projects belonging to the top three chain scales. Upscale hotel construction projects closed the quarter at 163 projects/41,339 rooms.

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Hotelier Magazine

JANUARY 29, 2025

By chain scale, upper midscale hotels lead the pipeline with a record-breaking 2,354 projects and 227,845 rooms. The midscale segment achieved a new record with 957 projects and 80,436 rooms, while the upper upscale chain scale reached a record 338 projects at the Q4 2024 close. per-cent increase in supply. The post U.S.

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Hotel Business

NOVEMBER 20, 2023

The luxury, upper-upscale, upscale and economy chain scales in Europe all show YOY increases in project counts compared to Q3 2022 totals. Luxury projects increased 2% YOY, just ten projects short of the segment’s all-time high, closing the quarter with 139 projects/18,515 rooms.

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Hotel Business

FEBRUARY 12, 2024

According to the recent Asia-Pacific, excluding China (APEC), Construction Pipeline Trend Report from Lodging Econometrics (LE), the total hotel construction pipeline in the region increased 4% year-over-year (YOY) and closed 2023’s fourth quarter with a record-high 1,977 projects and 402,156 rooms.

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Hotelier Magazine

JANUARY 28, 2025

Projects in early planning also experienced significant growth at Q4 with a 19-per-cent increase by projects and nine per cent by rooms YOY, to close the quarter with 170 projects and a record-high 21,273 rooms. LE is forecasting 43 new hotels/5,321 rooms to open in 2025, representing continued growth in supply.

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Social Tables

DECEMBER 5, 2018

The Global Meetings and Events Forecast reports that the average B2B event, for instance, operates on this budget breakdown: 43% marketing and promotion. This best practice relates closely to the first. 32% speakers and talent. 29% printed materials. 18% venues. Offer freedom of choice.

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Hotel Business

NOVEMBER 13, 2023

Furthermore, the luxury, upper-upscale and upscale chain scales each hit peak project counts at the end of Q3 and account for 53% of the projects in the region’s hotel construction pipeline. Projects scheduled to start construction in the next 12 months stand at 295 projects/51,756 rooms.

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eZee Absolute

DECEMBER 7, 2023

I was wondering how come they have not been able to scale. Myth #5: Budgeting and demand forecasting aren’t important in revenue management When it comes to hotel revenue management, budgeting and demand forecasting play a crucial role. Demand forecasting, Budgeting, and revenue management are all interlinked.

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Hotelier Magazine

JULY 31, 2023

According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics (LE), at the close of the second quarter, the hotel construction pipeline stands at 5,572 projects/660,061 rooms, with projects up seven per cent year-over-year (YOY) and rooms up six per cent YOY. PORTSMOUTH, N.H. construction pipeline.

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