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U.S. Hotel Development Kicks Off Q1 2024 With Growth and Record-Highs
Lodging Econometrics (LE) | April 24, 2024
April 24, 2024 – PORTSMOUTH, NH As seen in the Q1 2024 U.S. 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. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year. The details can be seen directly within the stages of the pipeline, which all saw YOY growth in Q1. 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. Projects slated to start construc...
The Global Construction Pipeline Ascends to Record Project Counts at 2023 Year-End
Lodging Econometrics | February 28, 2024
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Middle East Hotel Construction Pipeline Marks Highest Year-Over-Year Project Growth Since 2018
Lodging Econometrics (LE) | February 22, 2024
February 22, 2024 – PORTSMOUTH, NH – The Q4 2023 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) states that at the close of the fourth quarter, the region’s total pipeline stands at 607 projects/145,984 rooms. The region boasts an impressive 11% year-over-year (YOY) increase in projects and a 2% YOY rise in rooms, marking the most substantial growth by projects since Q1 2018. At Q4, there are 309 projects/83,308 rooms under construction, up 2% YOY by projects. Those projects scheduled to start construction in the next 12 months are at 110 projects/26,454 rooms, up 7% YOY by projects, while...
Upper Upscale Projects in Europe’s Hotel Construction Pipeline Reach Record-Highs at Q4
Lodging Econometrics (LE) | February 20, 2024
February 20, 2024 – PORTSMOUTH, NH – The recent Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the region’s total pipeline stands at 1,706 projects/254,937 rooms at the end of Q4 ‘23. At year-end, the hotel construction pipeline in Europe includes 755 projects with 115,300 rooms currently under construction, with an additional 418 projects/64,835 rooms scheduled to start construction in the next 12 months. Furthermore, 533 projects/74,802 rooms are in the early planning stage. Notably, announced renovation and conversion projects have seen a significant uptick, rising 21% in projects and...
China’s Hotel Construction Pipeline Ends 2023 With Record-Breaking Project and Room Counts
Lodging Econometrics (LE) | February 14, 2024
February 14, 2024 – PORTSMOUTH, NH – According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China's total hotel construction pipeline reached a new all-time high by projects for the second quarter in a row at Q4 2023. With a 6% year-over-year (YOY) increase in projects and a 2% YOY increase in rooms, the country’s total pipeline ended the year at 3,788 projects with 691,772 rooms. Projects currently under construction encompasses an impressive 2,644 projects/473,921 rooms, reflecting a 1% increase by projects YOY, while projects scheduled to start construction in the next 12 months are up 4% ...
Asia Pacific, Excluding China, Hotel Construction Pipeline Surges to Record Highs in Q4 2023
Lodging Econometrics (LE) | February 12, 2024
February 12, 2024 – PORTSMOUTH, NH – According to the recent Construction Pipeline Trend Report from Lodging Econometrics (LE), the total hotel construction pipeline in the Asia Pacific excluding China (APEC) increased 4% year-over-year (YOY) and closed 2023’s fourth quarter with a record-high 1,977 projects and 402,156 rooms. At the close of the quarter, projects currently under construction account for 47% of the projects in the region’s total pipeline, with 922 projects/212,607 rooms. Projects scheduled to start construction in the next 12 months increased 8% YOY to stand at 342 projects/65,079 rooms at the Q4 close. Projects in...
Nearly 50% of Latin America’s Hotel Construction Pipeline Now Under Construction
Lodging Econometrics | January 30, 2024
January 30, 2024 – PORTSMOUTH, NH According to the Q4 2023 Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), projects and room counts in the region’s total construction pipeline each increased by 11% each year-over-year (YOY) to stand at 594 projects and 97,679 rooms at the close of the quarter. At Q4, projects currently in the under construction stage account for nearly half of the projects and rooms in Latin America’s total pipeline. Projects under construction stand at 238 projects/42,644 rooms, up 7% by projects and 6% by rooms YOY. Projects scheduled to start construction in the next 12 months a...
Canada’s Hotel Construction Pipeline Closes 2023 With a 10% Year-Over-Year Project Increase
Lodging Econometrics | January 29, 2024
January 29, 2024 – PORTSMOUTH, NH – According to the year-end Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, the country ended 2023 at 294 projects/38,396 rooms, a mere 11 projects short of the country’s peak of 305 projects achieved in Q4 2019. Canada’s pipeline is up 10% by projects and 7% by rooms, year-over-year (YOY). At the close of 2023, there are 66 projects/8,998 rooms under construction, up 27% by projects and 36% by rooms YOY. Projects scheduled to start construction within the next 12 months are at 85 projects/9,810 rooms, while those in early planning are at 143 projects/19,588 rooms, up 12% b...
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