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Skift Take: CEO Elie Maalouf pointed to early results suggesting that IHG's recent marketing efforts and brand development work are leading to growth in a virtuous flywheel for the hotel group. Sean O'Neill Read the Complete Story On Skift
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.
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 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).
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. Year-over-year, the top 25 markets in the U.S., pipeline rose 20% by projects and 30% by rooms YOY.
TFE Hotels is an owner, manager and developer and we see their impressive presence in multiple markets – which includes more than 50 properties in Australia, a strong pipeline of properties and ties to Singapore and Europe – as complementary to our vision for the future,” said Heritage Hotels’ Managing Director, Jeffrey Tang.
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. In 2024, Atlanta is forecast to open the most new hotels, with 26 projects/3,881 rooms, for a 3.4%
growth in international markets. from year-end 2023 At the end of the year, Marriott’s worldwide development pipeline totaled nearly 3,800 properties and more than 577,000 rooms The company returned more than $4.4 More than half (55% of rooms in the year-end pipeline are in international markets. & Canada and 7.2%
Hotel asset management firm Axsia HTL is predicting a drop off in hotel management agreements (HMAs) in 2024 and beyond as more owners opt in favour of franchise agreements, which are predominate in the US market. It’s an ecosystem,” he said.
These top five markets combined account for 732 projects/88,904 rooms. markets stand out for their active under-construction hotel projects. Dallas also tops the list of markets with the most hotel projects in the early planning stage at Q3, with 91 projects that will add 10,652 rooms. According to the Q3 2024 U.S.
While OTAs provide valuable visibility and access to a broader audience, the study makes clear how the extra costs associated with rate undercutting significantly impact hotels marketing budgets and overall profitability. The research underscores the need for hotels to take a holistic view of their digital strategy.
Construction Pipeline Trend Report by Lodging Econometrics (LE) sheds light on dynamic trends across key markets. Dallas looks set to maintain its momentum; leading both projects scheduled to start in the next 12 months and early planning stages of the hotel construction pipeline. Forty-three of the top 50 markets in the U.S.
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. LE recorded a combined renovation and conversion pipeline total of 1,939 projects with 253,473 rooms for the U.S. Reflective of the current pipeline, L.E.’s
ABM, Account Based Marketing, we’ve all heard about it. (If Here are 5 tactics you can use right now to close larger deals with Account Based Marketing and Sales Development. What if you could leverage your SME, marketing manager, engineer, or any other resource on your team in an active sales cycle? Well, it kinda is.
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.
Construction Pipeline Trend Report from Lodging Econometrics (LE), the top five markets with the largest hotel construction pipelines by projects at Q3 2023 are led by Dallas with an all-time high of 189 projects/21,840 rooms, followed by Atlanta with 140 projects/17,775 rooms and Nashville with 122 projects/16,046 rooms.
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.
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.
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.
The number of projects in the hotel construction pipeline in the U.S. Despite this robust pipeline, new hotel openings have not yet returned to pre-pandemic levels. Based on developer opening dates, LE is forecasting an additional 547 projects, totaling 60,483 rooms, to open by year-end 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.
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.
Both Melbourne and Sydney properties are forecasted to have 100% occupancy during concert dates and transient revenue is up to 30% stronger in comparison to other popular concerts,” Hutton told HM exclusively, noting that many hotel guests are asking if they are able to decorate their rooms with Taylor merchandise. ‘On
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. The details can be seen directly within the stages of the pipeline, which all saw YOY growth in Q1. As seen in the Q1 2024 U.S. resulting in a 1.5%
represents 40 per cent of the projects in the total global pipeline, while China accounts for 24 per cent, resulting in 64 per cent of all global projects in these two countries. markets with the greatest number of projects in the hotel construction pipeline have also achieved new milestones. PORTSMOUTH, N.H.
. — 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., During the Q1 2024, the New-York market outpaced all others in the U.S.
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.
Hotel renovation and conversion pipeline activity, at the end of the fourth quarter of 2022, is at the highest totals Lodging Econometrics (LE) has ever recorded. Renovations and conversions account for more projects and rooms than those that are currently in the under construction stage of the new construction pipeline.
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). The renovation pipeline also remained strong in Q4, reaching the highest project counts since Q1 2019, at 900 projects/148,105 rooms.
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. As of the end of Q2, five U.S.
in international markets, compared to the same period last year. “International markets were particularly robust, with RevPAR growth of 63%. . & Our industry-leading pipeline grew to approximately 502,000 rooms, up 2.6% Roughly 200,000 rooms in the pipeline were under construction as of the end of the first quarter.
Shifts in the real-estate market, such as declining demand for office and strata developments, have created a rare window of opportunity for hotel development. There are 22 projects currently in the development pipeline, representing approximately 4,200 rooms, which is encouraging.
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. .
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. &
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.,
HVMG outpaced the industry in RevPAR growth during 2022, as same-store market share grew 6.9%, capping off the company’s eighth straight year of positive consolidated Index growth, the company reports. That outperformance has continued into 2023 with same-store RevPAR growth forecasted to increase 30% over 2022 in the first quarter.
The top five features listed by RMS users are: Automated pricing recommendations Real-time insights Quick and efficient forecasting Ease of use Market intelligence data Tech Investment Set to Continue Hotel tech spending continues to increase, with 60.7% of respondents saying they had spent more in 2023 compared to 2022, and 71.4%
Successfully marketing an event relies on creating and capturing demand throughout the entire event registration process. Breaking down event marketing into stages allows event planners to appeal to different audiences at different times throughout the registration process. Market early bird benefits as “VIP perks.”
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. 1 and Sept.
Read Tonys article.recently published in Bank Insurance & Securities Marketing Magazine! sales pipeline (1). Your job to put the best possible team into the market may be one of the most difficult jobs in any company. Often, when things are tough, everyone wants to re-forecast downward. Tony Cole on TV. Alltop.com.
Amidst a burgeoning hotel development pipeline in the U.S., hotel construction pipeline reached its highest level for projects with 5,964 projects and 693,963 rooms. construction pipeline. This forecast translates to the opening of 551 new extended-stay hotels, accounting for a total of 56,347 rooms within the next two years.
. “With limited new hotel supply and surging travel demand, new assets are positioned to outperform, especially in the post-COVID era, where strong fundamentals and market dynamics create significant opportunities. Global travel spending is forecast to reach $15.5
in international markets—compared to the 2023 first quarter. Our international markets were particularly strong, posting RevPAR gains of 11%, led by nearly 17% year-over-year [YOY] growth in Asia-Pacific excluding China. Managed hotels in international markets contributed nearly two-thirds of the incentive fees earned in the quarter.
Instead, the internet and the proliferation of information, the smartphone, the new business models based on organizing underutilized assets, and the glut of competitors in every market made selling much more difficult than earlier times. For many, forecasting is necessary to ensure they have the resources to serve their clients.
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