construction pipeline
Marriott, Hilton, and IHG Close Q4 2022 With Largest Projects Counts in Every Stage of the U.S. Construction Pipeline
Lodging Econometrics (LE) | January 26, 2023
January 26, 2023 – PORTSMOUTH, NH As reported in the fourth quarter United States Construction Pipeline Trend Report from Lodging Econometrics (LE) for 2022, the franchise companies with the largest construction pipelines at the end of Q4 are led by Marriott International (Marriott) with 1,490 projects/180,113 rooms. Following Marriott is Hilton Worldwide (Hilton) with 1,378 projects/154,790 rooms and InterContinental Hotels Group (IHG) with 789 projects/78,951 rooms. Combined, these three companies account for 67% of the projects and 64% of the rooms in the total pipeline. At the close of the quarter, these top franchise companies also ...
Hotel Pipeline Activity Down Around the World, Except in Middle East & Africa
STR | January 20, 2023
LONDON—Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the fourth quarter, according to December 2022 data from STR. December 2022 (% changes in comparison with December 2021) Europe In Construction: 189,698 rooms (-14.5%) Final Planning: 140,663 rooms (-14.1%) Planning: 153,587 rooms (-3.6%) Total Under Contract: 483,948 (-11.2%) Germany (36,162) and the U.K. (28,426) lead Europe in total rooms in construction. Asia Pacific In Construction: 476,942 rooms (+0.6%) Final Planning: 108,955 rooms (-36.0%) Planning: 305,339 rooms (+2.6%)...
Larger Scale Projects Dominate the Middle East Hotel Construction Pipeline at Q3 Close
Lodging Econometrics (LE) | November 28, 2022
November 28, 2022 – PORTSMOUTH, NH According to the Q3 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, the hotel construction pipeline in the region stands at 535 projects/134,897 rooms. At the close of the third quarter, projects presently under construction stand at 320 projects/87,149 rooms. Projects scheduled to start construction in the next 12 months are at 87 projects/21,713 rooms, up 12% and 16% respectively, year-over-year (YOY). Projects in the early planning stage are at 128 projects/26,035 rooms. The Middle East has the largest average room size for new cons...
Hotel Conversions in Europe’s Hotel Construction Pipeline Reach All-Time High
Lodging Econometrics (LE) | November 21, 2022
November 21, 2022 – PORTSMOUTH, NH According to the Q3 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter, Europe’s hotel construction pipeline stands at 1,660 projects/258,476 rooms. Projects under construction in Europe stand at 790 projects/126,899 rooms, while projects planning to start construction in the next 12 months recorded 408 projects/60,085 rooms. Projects in the early planning stage have 462 projects/71,492 rooms. Travel activity in Europe has been rebounding over recent months and is expected to continue through the end of the yea...
Asia Pacific’s Hotel Construction Pipeline, Excluding China, is Up 7% by Projects and 5% by Rooms Year-Over-Year
Lodging Econometrics (LE) | November 17, 2022
November 17, 2022 – PORTSMOUTH, NH According to the recent Q3 2022 close of the Construction Pipeline Trend Report for the Asia Pacific region from Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, stands at 1,881 projects/401,545 rooms, up 7% by projects and 5% by rooms Year-Over-Year (YOY). At the Q3 close, there are 946 projects/206,629 rooms under construction, up 10% by projects YOY. Projects scheduled to start construction in the next 12 months stand at 300 projects/63,221 rooms. Projects in early planning reached peak room counts and closed the quarter at 635 projects/131,695 rooms, up 26...
China’s Hotel Construction Pipeline Has Record High Project & Room Counts in Early Planning
Lodging Econometrics (LE) | November 16, 2022
November 16, 2022 – PORTSMOUTH, NH In the recent China Construction Pipeline Trend Report from Lodging Econometrics (LE), LE analysts report that China's total hotel construction pipeline, at the close of Q3 2022, stands at 3,604 projects/684,288 rooms, up 1% by projects and unchanged by rooms year-over-year (YOY). Currently, the country has 2,543 projects with 462,132 rooms under construction, with projects scheduled to start construction in the next 12 months at 417 projects with 78,990 rooms. Projects and room counts in the early planning stage reached record highs in the third quarter, up 13% by projects and 8% by rooms YOY, stand...
At Q3 2022 Close, Projects in the Early Planning Stage in Latin America’s Hotel Construction Pipeline Are Up 22% Year-Over-Year
Lodging Econometrics (LE) | November 14, 2022
November 14, 2022 – PORTSMOUTH, NH In the Q3 2022 Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the total construction pipeline stands at 548 projects/90,728 rooms, down 5% by projects and 12% by rooms, year-over-year (YOY). At the end of the third quarter, projects currently under construction stand at 239 projects/44,837 rooms. Projects scheduled to start construction in the next 12 months are up 6% by projects YOY, standing at 165 projects/24,648 rooms and those in the early planning stage stand at 144 projects/21,243 rooms, up 22% and 14% respectively. Five countries in Latin A...
2022 BDNY Conference Location Spotlight: New York City Hotel Development
Lodging Econometrics (LE) | November 10, 2022
November 10, 2022 – PORTSMOUTH, NH As Lodging Econometrics (LE) prepares to attend the 2022 Boutique Design New York (BDNY) conference in New York City, LE releases the latest on hotel development for the New York City market. LE also has available hotel development information on any market in the United States or any other market in the world. At the close of the third quarter of 2022, 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. (behind the Dallas market, with 174 projects/20,676 rooms, the Los Ang...
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