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Supply Growth in Top 25 U.S. Markets to Accelerate

Lodging Econometrics (LE) | February 12, 2019

February 12, 2019 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that in 2018, new supply growth was 2.0%, the first time it has reached 2.0% in eight years. The top 25 markets had new supply growth of 2.7% while the remainder of the country showed growth at 1.7%. Demand growth was 2.5% for both the top 25 markets and for the remainder of the country as well. Last year, 12 of the top 25 markets had supply growth in excess of demand growth. With the exception of Houston, Seattle, and Orlando the variances were modest. As the economy settles into the "new normal" of slower growth and low inflation, LE expects ...

Marriott, Hilton and IHG Development Projects Lead the U.S. Hotel Construction Pipeline

Lodging Econometrics | February 4, 2019

February 4, 2019 – PORTSMOUTH, NH – In the Lodging Econometrics (LE) year-end report for 2018, analysts detailed the leading franchise companies and their brands in the construction pipeline. Marriott International tops the list with 1,498 projects/197,227 rooms, Hilton Worldwide with 1,359 projects/152,060 rooms, and InterContinental Hotels Group (IHG) with 972 projects/98,377 rooms. Sixty-nine percent of the projects in the pipeline derive from these three franchise companies. Marriott and Hilton both have pipelines that are up 6% by project count year-over-year (YOY). The two companies set new all-time pipeline records at...

The Year-End U.S. Hotel Construction Pipeline Continues Steady Growth Trend

Lodging Econometrics | January 30, 2019

January 30, 2019 – PORTSMOUTH, NH – At the end of 2018, analysts at Lodging Econometrics (LE) reported that the total U.S. construction pipeline continued to trend upward with 5,530 projects/669,456 rooms, both up a strong 7% year-over-year (YOY). However, pipeline totals continue to trail the all-time high of 5,883 projects/785,547 rooms reached in the second quarter of 2008. Project counts in the early planning stage continue to rise reaching an all-time high of 1,723 projects/199,326 rooms, up 14% by projects and 12% by rooms YOY. Projects scheduled to start construction in the next 12 months stand at 2,153 projects/255,0...

China’s Hotel Construction Pipeline Remains Strong Despite A Slowing Economy

Lodging Econometrics | January 3, 2019

In the recent report by Lodging Econometrics (LE), in the third quarter of 2018, China's total construction pipeline stands at 2,642 projects/569,690 rooms and is up 9% by projects and 6% by rooms year-over-year (YOY). Rooms in the construction pipeline are at an all-time high, and the pipeline is a mere 16 projects shy of the cyclical high of 2,658 projects set in the fourth quarter of 2014. Projects presently under construction are at 1,928 projects/402,529 rooms, projects scheduled to start construction in the next 12 months are at 344 projects/73,209 rooms, and projects in the early planning stage are at 370 projects/93,952 rooms. B...

Franchise Companies and Brands Dominating the U.S. Construction Pipeline

Lodging Econometrics (LE) | November 9, 2018

November 9, 2018 – PORTSMOUTH, NH – According to the third quarter report by analysts at Lodging Econometrics (LE), the franchise companies dominating the U.S. construction pipeline with the largest pipelines are Marriott International with 1,380 projects/181,907 rooms, Hilton Worldwide with 1,350 projects/150,698 rooms, and InterContinental Hotels Group (IHG) with 939 projects/95,312 rooms. The construction pipelines for these three franchise companies comprise an impressive 68% of the total construction pipeline projects with Marriott and Hilton again setting all-time highs for their companies. The leading brands by project count in ...

U.S. Construction Pipeline Continues on a Modest Growth Trajectory

Lodging Econometrics (LE) | November 8, 2018

November 8, 2018 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that in the third quarter of 2018 the total U.S. construction pipeline stands at 5,376 projects/650,576 rooms, up 7% from 2017's 5,011 projects/608,837 rooms. The total pipeline has been growing modestly over the past two years and is expected to continue its ascent at least into the first quarter of 2019. However, pipeline totals are still distant from the all-time high of 5,883 projects/785,547 rooms reached in the second quarter of 2008 and are not expected to reach those records again this cycle. Projects in the early planning stage with 1,5...

Lodging Econometrics’ Patrick H. Ford Receives Lifetime Achievement Award at The Phoenix Lodging Conference

Lodging Econometrics (LE) | October 5, 2018

October 5, 2018 – PORTSMOUTH, NH - Patrick H. Ford, Chairman, CEO, and Founder of Lodging Econometrics (LE) and New England Hotel Realty (NEHR) of Portsmouth, NH, has received the 2018 Lifetime Achievement Award for the hospitality industry, which was presented at The Arizona Biltmore on September 25, 2018. The Lodging Conference's founder and producer, Harry Javer and hospitality veteran Michael A. Leven, chairman and CEO of Georgia Aquarium, presented the award to Ford. Nearly two thousand industry members were in attendance at this year's conference. The prestigious Lifetime Achievement Award recognizes an individual who ha...

Global Construction Pipeline Projects Have Been Ascending for 4.5 Years and Have Reached Record Highs

Lodging Econometrics (LE) | September 24, 2018

Correction: New numbers received from Choice Hotels Choice Hotels with 705 hotels and 58,512 rooms. CORRECTION: As of June 30, 2018 Choice has 1,024 hotels and 84,350 rooms in its worldwide pipeline. The 25-year explosion of hotel brands now totals 610 globally. Marriott leads with 29 labels, followed by Accor with 25, Hilton and Choice with 15 each, and IHG and Hyatt with 12 each. CORRECTION: As of June 30, 2018 Choice had 11 brands September 24, 2018 – PORTSMOUTH, NH – Lodging Econometrics (LE) has released its bi-annual Global Construction Pipeline Trend Report, which compiles the construction pipeline counts for eve...