This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Axsia HTL attributes this to the return of international business and corporate travellers, the resumption of traditional high and low seasons and a consumer willingness to pay more for an accommodation experience. It’s an ecosystem,” he said.
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. hotel construction pipeline.
In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. construction pipeline at Q1. This is the fourth consecutive quarter of total pipeline growth for the U.S., There are no growth spikes expected this year.
Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. In 2024, JLL forecasts that value-add opportunities in Southeast Asia will be on the radars of investors.
In the recently released China Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report that the country’s total hotel construction pipeline, at the close of the fourth quarter, stands at 3,581 projects/675,074 rooms. Throughout 2022, there were 469 new hotels that opened in China.
. — 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. construction pipeline.
eInsight Sales and eInsight CRM allow users to manage all demand and their sales pipeline across transient and corporate business in one platform. ” The combined solution features chainwide contact; activity tracking and reporting of sales activities; contracts; sales leads and opportunities; production; and future reservations. .
Because early bird discounts are so popular to both consumers and planners, they can help prevent a dreaded no-show event. For annual events, keeping track of the success of early bird registration totals can help marketing managers forecast the success of future events. Free event planning tools at your fingertips. Get Started Today.
Due to weakness in the broader economy, consumers have started reining in discretionary spending. For 2024, occupancy is forecasted to contract 1.4 Overall, the hotel sector should continue to outpace the wider economy but will not be entirely immune to weakening consumer and business demand. per cent (up 7.7 per cent), up 7.8
With inflation on the rise globally, consumers are likely to be more mindful when it comes to spending their money. This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. Hotel e-tail. per cent on average above inflation per year.
We’ve curated a list of some effective and result-oriented real estate lead-generation ideas that will ignite your sales pipeline and get more customers through the door! It allows you to focus on specific demographics, consumer interests and behaviors, and browsing history so you can deliver highly personalized ads.
Based on the current forecast, national RevPAR performance is generally expected to be in line with these expectations, although there are certain markets and regions where the performance will deviate from the national trend. Its against this backdrop that CBRE has prepared its 2024 Market Forecast. per cent in 2025.
This represents the recovery of the tourism sector from the pandemic, one year earlier than forecast. Even in today’s economic climate, consumers globally are allocating a larger share of wallet to experiences over goods, including 48 per cent of Canadians who are prioritizing travel at the expense of other spending.
Meanwhile, late in 2018, CBRE forecasted that hotel supply would peak at 2% gain, stabilizing to 1.9 With the development pipeline slowing and event demand growing, it promises a rise in group hotel rates. consumers under 49 who consider themselves vegans or vegetarians is more than double that of consumers over 50.
For airlines, data-driven insights have enabled route planning based on customer demand, predictive maintenance to reduce unexpected delays, and demand forecasting to optimize capacity on-board each flight. Cendyns European customers invest heavily in SEM and metasearch to ensure visibility at key consumer decision points.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content