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Projects in Canada’s Hotel Construction Pipeline are Up Slightly Year-Over-Year
Lodging Econometrics (LE) | August 3, 2022
Portsmouth, NH - As seen in the recently released Q2 2022 Canada Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter the total construction pipeline in Canada stands at 261 projects/35,662 rooms, up 3% by projects year-over-year (YOY) and up 7% by rooms YOY. During the first half of the year, Canada’s tourism and hospitality sector saw an increasing number of domestic and international visitors comparable to those seen since the on-set of the pandemic. While larger group demand has been slow to return, smaller group, meetings, and leisure activity is on the upswing in urban areas and popular touri...
Lodging Econometrics Releases Q2 2022 United States Construction Pipeline Trend Report
Lodging Econometrics (LE) | August 2, 2022
August 2, 2022 – PORTSMOUTH, NH In the recently released Q2 2022 United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise company leading the United States hotel construction pipeline is Marriott International with 1,355 projects/167,034 rooms, up 4% by projects year-over-year (YOY). Next is Hilton Worldwide with 1,312 projects/147,780 rooms, an 8% YOY increase, and InterContinental Hotels Group (IHG) with 789 projects/79,701 rooms, up 2% by projects YOY. Current construction projects with these three franchise companies comprise 66% of the projects and 64% of the rooms in the total U.S. construction...
For the Fourth Consecutive Quarter, Dallas Leads the U.S. Hotel Construction Pipeline at the Close of Q2 2022
Lodging Econometrics (LE) | August 1, 2022
August 1, 2022 – PORTSMOUTH, NH In the recently released Q2 2022 United States Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the second quarter, the top five markets with the largest hotel construction pipelines are Dallas, with a record-high count of 173 projects accounting for 20,707 rooms; Atlanta, with 140 projects/18,131 rooms; Los Angeles, with 124 projects/20,365 rooms; New York, with 113 projects/19,238 rooms; and Phoenix, with 108 projects/14,964 rooms. According to LE analysts, many major markets and popular U.S. tourist destinations have seen a significant increase in demand throughout the f...
As Travel Returns, U.S. Hotel Construction Pipeline Growth Follows
Lodging Econometrics (LE) | July 27, 2022
July 27, 2022 – PORTSMOUTH, NH According to the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. construction pipeline stands at 5,220 projects/621,268 rooms at the close of 2022’s second quarter, up 9% Year-Over-Year (YOY) by projects and 4% YOY by rooms. At Q2 ‘22, there are 965 projects/130,914 rooms currently under construction, down 17% YOY by projects and 18% YOY by rooms. Projects scheduled to start in the next 12 months, at 2,009 projects/232,163 rooms, are up 9% YOY by projects and 9% YOY by rooms. Projects and rooms in early planning reached a record high i...
Projects Counts in the Middle East Hotel Construction Pipeline Remain Unchanged at the End of Q1 ‘22
Lodging Econometrics | May 31, 2022
May 31, 2022 – PORTSMOUTH, NH According to Lodging Econometrics’ (LE) Construction Pipeline Trend Report for the Middle East, at the end of 2022’s first quarter, the region’s hotel construction pipeline stands at 536 projects/138,915 rooms, unchanged by project counts and down 9% by rooms year-over-year (YOY). At Q1 ‘22, projects currently under construction stand at 331 projects/91,421 rooms, down 4% by projects and 16% by rooms YOY. Projects scheduled to start construction in the next 12 months are at 78 projects/22,041 rooms, an 11% decrease by projects and 8% increase by rooms YOY. Projects in the early planning stage are at...
Europe’s Hotel Construction Pipeline Sees Slight Decline Year-Over-Year at the End of Q1 ‘22
Lodging Econometrics | May 26, 2022
May 26, 2022 – PORTSMOUTH, NH According to the most recent Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), Europe ends 2022’s first quarter with 1,781 projects/277,290 rooms. An 8% decrease by projects and an 11% decrease by rooms year-over-year (YOY). Projects under construction stand at 875 projects/141,304 rooms, at the end of Q1 ‘22, while projects scheduled to start construction in the next 12 months stand at 443 projects/65,611 rooms. Projects in the early planning stage are at 463 projects/70,375 rooms, projects in this stage are up 5% by projects and down 1% by rooms YOY. Similar to other regions ...
China’s Hotel Construction Pipeline Hits Record High Project & Room Counts at Q1 2022
Lodging Econometrics | May 19, 2022
May 19, 2022 – PORTSMOUTH, NH According to the latest Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of Q1 ‘22, China’s total hotel construction pipeline reached record high project and room counts, standing at 3,711 projects/704,101 rooms and up 8% by projects and 7% by rooms year-over-year (YOY). China has 2,623 projects/477,245 rooms presently under construction, both at record highs, and up 11% and 12% YOY, respectively. Projects scheduled to start construction in the next 12 months stand at 504 projects/96,054 rooms. Projects and rooms in the early planning stage are up 26% and 17% YOY, respective...
At Q1 ‘22 Asia Pacific’s Hotel Construction Pipeline, Excluding China, Shows Moderate Growth Year-Over-Year
Lodging Econometrics | May 18, 2022
May 18, 2022 – PORTSMOUTH, NH According to the Q1 2022 Construction Pipeline Trend Report from Lodging Econometrics (LE), the hotel construction pipeline in the Asia Pacific region, excluding China, has 1,880 projects/404,060 rooms, up 7% by projects and 9% by rooms Year-Over-Year (YOY). At the end of the first quarter, in the Asia Pacific hotel construction pipeline excluding China, there are currently 949 projects/214,215 rooms under construction, up 9% by projects and 10% by rooms YOY. Projects scheduled to start construction in the next 12 months are at 357 projects/74,459 rooms and projects in early planning, hit a record-high this...
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