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Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. pipeline stood at 6,211 projects/722,821 rooms, up 9 percent by projects and 7 percent by rooms year over year (YOY). This marks a new all-time high for projects in the United States, surpassing previous pipeline records.
hotel industry maintains a steady development pipeline, though current activity reflects a more cautious approach amid near-term challenges. Hotel Construction Pipeline Trend Report, the total pipeline has expanded to 6,376 projects encompassing 749,561 rooms—representing a 5% increase in projects and 7% growth in rooms compared to Q1 2024.
The Q2 2024 Global Construction Pipeline Trend Report by Lodging Econometrics (LE) stated that the total pipeline ascended to a record-high 15,453 projects with 2,395,726 rooms, up 6 percent by projects year-over-year (YOY) and 4 percent by rooms.
Construction Pipeline Trend Report by Lodging Econometrics (LE) shed light on cross-market trends. Following closely was Atlanta, setting its own record with 151 projects/18,730 rooms. Following closely was Atlanta, setting its own record with 151 projects/18,730 rooms. In the ever-changing landscape of the U.S.
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According to the most recent Construction Pipeline Trend Report for the United States by Lodging Econometrics (LE), at the close of Q3 2023, the total U.S. construction pipeline stood at 5,704 projects/672,676 rooms, up 7 percent year-over-year (YOY) by projects and rooms.
According to the recent Q2 2024 United States Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter, the five markets with the largest hotel construction pipelines were led by Dallas with 189 projects, just four projects shy of its record-high at the end of Q4 2023 and a new record-high 22,392 rooms.
WASHINGTON—The Americas is the only world region that showed a year-over-year increase in pipeline activity at the end of the first quarter, according to March 2024 data from CoStar.
With a new focus on global market diversification, the three-year pipeline over 285 new hotels and almost 47,000 keys will see the addition of more than 100 properties in Asia, more than 60 in the Middle East and Africa, and 40 in Australia and New Zealand.
Construction Pipeline Trend Report from Lodging Econometrics (LE) reported that, at the close of the first quarter, the top five markets with the largest hotel construction pipelines were led by Dallas with 185 projects/21,882 rooms, slightly below record-highs recorded at the end of Q4 2023. The recent U.S.
WASHINGTON—Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. pipeline stands at 6,211 projects/722,821 rooms, up 9% by projects and 7% by rooms year-over-year (YOY). surpassing previous pipeline records. pipeline, reaching a new all-time high of 2,315 projects/224,703 rooms. supply increase.
In the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the construction pipeline at the close of the first quarter. Hotel Construction Pipeline appeared first on LODGING Magazine.
CHICAGO, Illinois—Hyatt Hotels Corporation announced plans to expand Hyatt’s luxury and lifestyle brand portfolios across the Asia Pacific region, with a pipeline of close to 90 properties expected to open over the next five years.
The hotel development pipeline across the Asia-Pacific, excluding China, region (APEC) continued its notable growth trajectory through the third quarter of 2024, according to the latest Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).
According to the Q4 2024 Canada Construction Pipeline Trend Report by Lodging Econometrics (LE) , Canadas total construction pipeline has reached record-breaking counts of 333 projects/43,413 rooms, showing robust growth of 13% for both projects and rooms year-over-year (YOY).
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. Countries in Europe with the greatest number of projects in the pipeline at Q1 are led by the U.K.
According to the recent Construction Pipeline Trend Report by Lodging Econometrics (LE) , the Asia Pacific, excluding China (APEC), hotel construction pipeline hit an all-time high at the Q4 2024 close, climbing 5% year-over-year (YOY) to reach record counts of 2,085 projects/412,358 rooms.
The Q4 2023 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) revealed that the global hotel construction pipeline hit all-time high project counts in Q4.
WASHINGTON—Europe is the only world region with lower hotel pipeline activity year over year, according to September 2024 data from CoStar. percent) Among countries in the region, Germany (27,175) led in construction activity, closely followed by the United Kingdom (24,733). percent)Final Planning: 87,779 rooms (down 21.9
Construction Pipeline Trend Report from Lodging Econometrics (LE), the pipeline stood at 5,964 projects/693,963 rooms. The pipeline hit record project counts in Q4, with the addition of 260 projects and 21,287 rooms over the last quarter, a 9 percent increase in projects, and a 7 percent increase in rooms year-over-year (YOY).
Marriott International has marked another year of strong growth in the Asia Pacific excluding China (APEC) region, signing a record 109 deals across 11 markets, contributing 21,439 rooms to the region’s development pipeline, closing the year with 77,532 total rooms in the region’s year-end pipeline.
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).
The Q1 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) revealed that the total global pipeline hit an all-time high for room counts and highlighted an increase in full-service projects at the close of the first quarter.
According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE) , China’s total hotel construction pipeline remained stable at 3,779 projects/681,915 rooms at the close of the fourth quarter of 2024, showing minimal change year-over-year (YOY).
The latest Hotel Construction Pipeline Trend Report for Canada from Lodging Econometrics (LE) shows the country’s total pipeline has reached new all-time-high project and room totals at Q1 2025, with 341 projects accounting for 47,426 rooms. Five new hotels with 518 rooms opened in Canada during the first quarter.
Construction Pipeline Trend Report released by Lodging Econometrics (LE), LE analysts report that as a group, year-over-year the hotel construction pipeline has grown in the Top 25 Markets in the United States. Markets Grow in the Hotel Construction Pipeline appeared first on LODGING Magazine. In the Q1 2023 U.S.
Lodging Econometrics (LEs) Q1 2025 Hotel Construction Pipeline Trend Report for China reveals that the construction pipeline stands at 3,704 projects/670,185 rooms, which is down slightly from the peak project total Chinas pipeline reached in Q3 2024. Shanghai follows with 131 projects/24,733 rooms.
Accors luxury and lifestyle brands Sofitel, Sofitel Legend, MGallery and Emblems achieved record growth in 2024 with close to 90 hotels signed collectively. Now with a reignited pipeline, 32 new Sofitel hotels are to be opened over the coming years, expanding into key destinations such as Egypt, Vietnam, Portugal, Ireland, Mexico and India.
As seen in the Q1 2025 Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in the Asia Pacific region, excluding China, (APEC) stands at 2,074 projects/408,213 rooms, representing a 3% year-over-year (YOY) increase in projects and a 1% YOY increase in rooms.
We look forward to our continued positive engagement with IHG and the Barossa, as our team works closely with them in unlocking this opportunity and bringing this project to fruition, Cook added. The post Crown jewel for South Australia: IHG signs luxury resort in the heart of Barossa Valley appeared first on Hotel Management.
This is the third installment in the How to Talk to Your Sales Force series, the first two being How to Talk to Your Sales Force About Prospecting and How to Talk to Your Sales Force About Closing Big Deals. This post will cover talking to your team about the importance of a pipeline. Seeing Our Future Now. Deals at All Stages.
Construction Pipeline Trend Report from Lodging Econometrics (LE), the market with the largest hotel construction pipeline by projects is Dallas with a record high count of 176 projects, accounting for 20,790 rooms. Combined, these three companies account for 67% of the projects and 64% of the rooms in the total pipeline.
The upscale property, located close to Darwin Entertainment Centre, will feature an all-day dining restaurant, meeting space, fitness centre and outdoor pool, with all guest rooms featuring self-contained kitchenettes. The broader IHG portfolio now includes 69 hotels in Australasia, with another 26 properties in its development pipeline.
Construction Pipeline Trend Report by Lodging Econometrics (LE) sheds light on dynamic trends across key markets. Following closely is Atlanta, setting its own record with 151 projects/18,730 rooms. At the Q4 close, New York City continues to have the greatest number of projects under construction with 44 projects/7,338 rooms.
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. construction pipeline. increase in new supply.
In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. continue to increase, standing at 5,545 projects/658,207 rooms at the close of Q1 2023. construction pipeline at Q1. construction pipeline at Q1.
Construction Pipeline Trend Report released by Lodging Econometrics (LE) , LE analysts report that as a group, year-over-year the hotel construction pipeline has grown in the top 25 markets in the U.S. pipeline rose 20% by projects and 30% by rooms YOY. In the Q1 2023 U.S. The top five U.S. The post LE: Combined top 25 U.S.
Hotel Construction Pipeline Trend Report, at the close of the quarter, the pipeline consists of 6,376 projects and 749,561 rooms. construction pipeline at the end of the first quarter. pipeline reached record highs of 362 projects and 70,603 rooms at Q1, up 10% by projects and 7% by rooms YOY. growth rate.
The pipeline also includes Hotel Alexandra, Vignette Collection, which has been signed together with Molo Hotel Group and expected to open in the first half of 2025. There are a further seven properties in the pipeline, all but one of which are in the luxury and lifestyle space.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the second quarter, there were 6,095 projects with 713,151 rooms in the pipeline. At the close of the second quarter, there were 1,171 projects comprising 147,611 rooms under construction, […] The post Lodging Econometrics: U.S.
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