Hotel Business

JANUARY 23, 2024

Construction Pipeline Trend Report by Lodging Econometrics (LE) sheds light on dynamic trends across key markets. At the Q4 close, New York City continues to have the greatest number of projects under construction with 44 projects/7,338 rooms. Forty-three of the top 50 markets in the U.S. Throughout 2023, the U.S.

Construction 106

Construction Pipeline Closing Hotels 106

Hotel Management

AUGUST 15, 2023

The global business travel market is now expected to reach 2019’s pre-pandemic levels by 2024, two years earlier than expected, following a year of significant gains over the last 12 months. last year, dropping China down to the number two business travel market in the world for the first time since 2014.

Business 245

Business Travel Forecasting Services 245

Hotel Business

MAY 29, 2024

Lodging Econometrics (LE) has released the latest on hotel development for the New York City market, prior to the NYU International Hospitality Industry Investment Conference. Of the top 50 markets in the U.S., Of the top 50 markets in the U.S., The market also was the leading market for construction starts in Q1 2024.

Construction 64

Construction Market Marketing Pipeline 64

Hotel Business

FEBRUARY 19, 2025

The Q4 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) has revealed that the global hotel construction pipeline continues its upward trajectory, reaching a new all-time high project count with 15,820 projects/2,438,189 rooms, a 4% increase in projects and a 3% increase in rooms year-over-year (YOY).

Pipeline 59

Pipeline Construction Forecasting Market 59

Hotel Business

AUGUST 2, 2023

The markets with the most projects currently under construction at the Q2 close are New York with 47 projects/8,201 rooms and Phoenix with 29 projects/6,064 rooms. s forecast for new hotel openings will continue to rise through 2025. At Q2, the top 25 markets in the U.S. According to the U.S. at the Q2 close.

Market 98

Market Marketing Pipeline Forecasting 98

Hotel Management

MAY 1, 2023

“Every decision is grounded in meeting current market trends and future needs of our modern-day travellers.” lyf Sussex Sydney” is a logical locational progression for Ascott to build brand equity in the Australian market,” said Ascott Australia GM Growth and Capital Strategy, James Shields. Ascott is aiming for a mid-2025 opening.

Retail 246

Retail Accommodation Branding Market Share 246

Hotel Business

FEBRUARY 11, 2025

growth in international markets. from year-end 2023, as the company added roughly 109,000 net rooms globally during 2024, including more than 45,000 net rooms in international markets. More than half (55% of rooms in the year-end pipeline are in international markets. Marriott International Inc. growth in the U.S. &

Marketing 64

Marketing Market Pipeline Branding 64

Hotel Business

FEBRUARY 21, 2025

CBRE forecasts that RevPAR will continue to grow steadily in 2025, as urban locations continue to outperform due to improved group and business travel and continued recovery of inbound international travel. CBREs baseline forecast includes a 2.4% higher in 2025 compared with pre-pandemic levels in 2019.

Forecasting 77

Forecasting Construction Occupancy Hotel Marketing 77

Hotel Management

JULY 26, 2023

In HM’s 2023-2024 Hotel Development Outlook , Colliers Head of Hotels – Australia, Karen Wales, discusses market activity and the future outlook for development. Australia’s accommodation market has continued to expand with the opening of around 3,420 rooms through 2022 in the 10 major markets.

Construction 130

Construction Accommodation Forecasting Market 130

Hotel Business

JUNE 18, 2024

Lodging Econometrics (LE) has released the Q1 hotel development data for the Charlotte market ahead of the Hospitality Industry Technology Exposition and Conference (HITEC). markets by project counts. Within the Charlotte market, at the close of the first quarter, hotels under construction stand at 11 projects/1,435 rooms.

Construction 59

Construction Pipeline Forecasting Scale 59

Hotel Business

SEPTEMBER 12, 2024

Hotel Construction Pipeline Trend Report paints a picture of robust growth and strategic focus. The widespread distribution of these projects across numerous markets, coupled with the strong presence of established brands, suggests a confident outlook for the hospitality industry. Lodging Econometrics’ (LE) Q2 2024 U.S.

Construction 111

Construction Pipeline Scale Hotels 111

Hotel Business

AUGUST 30, 2023

In the Q2 ‘23 Global Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts state that the total global construction pipeline stands at 14,572 projects/2,310,238 rooms, up 3% year-over-year (YOY) by projects and 1% YOY by rooms. LE analysts forecast a total of 2,531 new hotels with 380,515 rooms to open in 2023.

Pipeline 59

Pipeline Construction Forecasting Closing 59

Hotel Business

APRIL 29, 2024

Construction Pipeline Trend Report from Lodging Econometrics (LE) reports that, at the close of the first quarter, the top five markets with the largest construction pipelines are led by Dallas with 185 projects/21,882 rooms, slightly below record-highs recorded at the end of Q4 2023. The recent U.S. In the top 25 U.S.

Construction 59

Construction Pipeline Forecasting Closing 59

Hotel Business

JUNE 13, 2024

The number of projects in the hotel construction pipeline in the U.S. However, given the size of the current pipeline, LE is forecasting new hotel openings to rise significantly in the near term and approach pre-pandemic levels in 2026 (see chart). The forecast for 2026 is even more optimistic, with the potential to bring U.S.

Forecasting 116

Forecasting Pipeline Construction Hotels 116

Hotelier Magazine

FEBRUARY 10, 2025

TORONTO Canadas hotel investment market saw significant growth in 2024, with total transaction volume reaching $2 billion, a 16 per cent year-over-year increase, according to Colliers INNvestment Canada Hotel Report Q4 2024. ADR growth is forecasted at 1.7 per cent to total supply. per cent inflation. travel is anticipated.

Average Daily Rate 52

Average Daily Rate Occupancy Hotels Revenue 52

Hotel Management

AUGUST 8, 2024

In HM ’ s 2024-2025 Hotel Development Outlook, Choice Hotels Asia-Pac Head of Investments and Portfolio Growth, Trent Conroy, talks strategy to overcome current market challenges. Growth rates are subdued across the region driven by weaker than forecast inbound tourism and persistent levels of inflation and interest rates.

Scale 130

Scale Hotels Forecasting Construction 130

Hotelier Magazine

JUNE 20, 2024

. — Lodging Econometrics (LE) has released the latest on hotel development for the New-York market prior to the NYU International Hospitality Industry Investment Conference (NYU Conference). Of the top 50 markets in the U.S., Of the top 50 markets in the U.S., for the number of newly opened hotels.

Marketing 52

Marketing Market Construction Pipeline 52

Hotel Business

FEBRUARY 16, 2023

Renovations and conversions account for more projects and rooms than those that are currently in the under construction stage of the new construction pipeline. At the end of Q4 ’22, there were a total of 1,008 projects/135,492 rooms under construction in the U.S. for new construction as well.

Scale 99

Scale Pipeline Construction Real Estate 99

Hospitality Taskforce

DECEMBER 8, 2022

But with the world on the rebound, a lot of exciting things are coming down the pike in 2023, including the following: Full Recovery for the Lodging Market The lodging market is expected to recover fully next year , which means it’s time to staff up! Contact us to learn how we can help your business grow.

Forecasting 52

Forecasting Cancellation Hotels Events 52

Hotel Business

JANUARY 23, 2023

In the most recent Construction Pipeline Trend Report for the U.S. construction pipeline stood at 5,465 projects/650,626 rooms, up 14% by projects and 12% rooms year-over-year (YOY). In Q4, all stages of hotel construction in the U.S. construction pipeline at year-end ’22 appeared first on hotelbusiness.com.

Construction 52

Construction Pipeline Closing Forecasting 52

Hotel Business

JULY 31, 2024

Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter, the five markets with the largest hotel construction pipelines are 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. Of the top 50 markets in the U.S.,

Forecasting 64

Forecasting Pipeline Construction Hotels 64

Hotel Management

MARCH 14, 2024

Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. That is reflected in the new hotel projects that have been delivered since 2020, with 64% of total rooms being in the midscale to upscale segment and 36% in the upper-upscale to luxury end of the market.”

Occupancy 130

Occupancy Events Tourism Hotels 130

Hotel Business

SEPTEMBER 16, 2024

Citizenship and Immigration Services (USCIS), the government agency that oversees the EB-5 Immigrant Investor Program , for the firm’s currently under-construction TownePlace Suites Palmdale in Palmdale, CA. Global travel spending is forecast to reach $15.5 Peachtree Group has received its I-956F approval from U.S.

Forecasting 116

Forecasting Construction Services Travel 116

Hotel Business

NOVEMBER 10, 2022

At the close of the third quarter, Lodging Econometrics (LE) analysts report that the New York City market has a total of 102 projects/17,805 rooms in the construction pipeline, the fourth largest pipeline by rooms of any market in the U.S. Of the top 50 markets in the U.S., Of the top 50 markets in the U.S.,

Pipeline 52

Pipeline Construction Forecasting Market 52

Hotelier Magazine

FEBRUARY 27, 2025

Among the major markets, Vancouver saw the highest occupancy (60.7 At the market level, the lowest occupancy was reported in Calgary (down 6.5 CoStar and Tourism Economics most recent forecast for 2025 projects RevPAR growth of two per cent, with a 1.8-per-cent per cent), which was 1.3-per-cent per-cent above 2024.

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Construction 59

Hotel Business

MAY 2, 2023

in international markets, compared to the same period last year. “International markets were particularly robust, with RevPAR growth of 63%. The company added approximately 11,000 rooms globally during the first quarter, including roughly 5,800 rooms in international markets and more than 2,700 conversion rooms.

Pipeline 105

Pipeline Forecasting Construction Market 105

eZee Absolute

DECEMBER 7, 2023

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. Do not shy away from revenue management.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

SiteMinder

JULY 13, 2024

Revenue management revolves around measurement of what customers from different audience segments are willing to pay, as well as the ever-changing supply and demand within each market. The right distribution channels can have strong marketing power, putting your hotel in front of many customers you aren’t able to contact directly.

Revenue Management 98

Revenue Management Revenue Management OTA 98

STAAH

AUGUST 22, 2023

Anticipating your demand The first step to optimise for low occupancy periods is to understand when they happen – forecasting demand is critical to manage it. However, a better picture can be drawn if you look outside into the real world for this data – competitor rates, airline prices and even economic forecasts are important to consider.

Occupancy 98

Occupancy Forecasting OTA Revenue 98

Hotel Business

FEBRUARY 14, 2023

in international markets. For the year, the company added more than 65,000 rooms globally during 2022, including approximately 40,000 rooms in international markets and nearly 17,500 conversion rooms. Approximately 199,000 rooms in the pipeline were under construction as of the end of 2022 “In our largest region, the U.S. &

Pipeline 98

Pipeline Forecasting Market Marketing 98

Hotelier Magazine

FEBRUARY 20, 2025

There are 6,231 projects/1,098,620 rooms currently under construction worldwide at Q4 2024, up one per cent by projects YOY. Projects scheduled to start construction in the next 12 months stand at 3,872 projects/539,054 rooms, also up one per cent by projects YOY. PORTSMOUTH, N.H.

Pipeline 52

Pipeline Construction Hotels Forecasting 52

Hotelier Magazine

SEPTEMBER 5, 2023

In the Q2 ‘23 Global Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts state that the total global-construction pipeline stands at 14,572 projects/2,310,238, up three per cent year-over-year (YOY) by projects and one per cent YOY by rooms. PORTSMOUTH, N.H. — three are in China and one is in Saudi Arabia.

Pipeline 52

Pipeline Scale Construction Forecasting 52

Hotelier Magazine

MAY 15, 2025

Occupancy has a strong foothold in the Canadian marketplace today, said Nguyen, forecasting that 2025 will be a year of moderation with limited room for occupancy growth and slower ADR momentum. per cent in 2024, 2025 will likely bring more muted gains, with supply returning to pre-COVID levels in key markets.

Real Estate 52

Real Estate Hotels Operations Sales 52

Hotel Business

APRIL 24, 2024

Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. Presently, there are 1,144 projects comprising 141,336 rooms under construction, marking a 9% increase in projects and a 1% increase in rooms YOY.

Pipeline 64

Pipeline Construction Scale Forecasting 64

Hotel Business

FEBRUARY 15, 2024

hotel construction pipeline reached its highest level for projects with 5,964 projects and 693,963 rooms. The extended-stay under-construction phase exhibited significant year-over-year (YOY) expansion, escalating by 40% in projects and 37% in rooms, culminating in 396 projects and 41,257 rooms at the close of Q4 ’23.

Pipeline 72

Pipeline Construction Hotels Closing 72

Hotel Business

OCTOBER 23, 2024

This achievement underscores Choice’s rapid expansion in the economy and midscale extended-stay market. Across the hospitality industry, the company has the fastest-growing economy extended-stay portfolio and leads in the economy new-construction category, according to STR pipeline data through August. Choice Hotels International Inc.

Pipeline 59

Pipeline Construction Casinos Forecasting 59

Hotelier Magazine

DECEMBER 14, 2023

experienced muted 2023 RevPAR growth relative to 2022 gains, most other global markets recorded extraordinary RevPAR growth, well above 10 per cent, primarily fuelled by strong ADR gains. After reaching a RevPAR peak in 2022, the market RevPAR is on pace to grow another 15 per cent in 2023, driven by strong growth in both occupancy and ADR.

Forecasting 52

Forecasting Cancellation Hotels Closing 52