lodging econometrics

China’s Hotel Construction Pipeline Continues to Expand With Double-Digit Increases Year-Over-Year

Lodging Econometrics | June 12, 2019

June 12, 2019 – PORTSMOUTH, NH Analysts at Lodging Econometrics (LE) report that China’s total construction pipeline continues to expand with 2,845 projects/590,809 rooms, up 15% by projects and 8% by rooms year-over-year (YOY). Both projects and rooms in the pipeline are at new all-time highs. Construction growth has been substantially enhanced by the billions of liquidity unleashed by the government last year to offset the manufacturing slump and slowing economy brought about by the escalating trade dispute with the United States. China has 2,083 projects/414,967 rooms presently under construction, up 21% and 12% YOY, respectively w...

Europe’s Hotel Construction Pipeline Is Accelerating and Hitting All-Time Highs Amidst Concerns of an Economic Slowdown Ahead

Lodging Econometrics (LE) | June 10, 2019

June 10, 2019 – PORTSMOUTH, NH -- Analysts at Lodging Econometrics (LE) report that Europe’s hotel construction pipeline continues its robust up-swing in 2019 with 1,670 projects/254,600 rooms, a remarkable 22% increase in projects and 19% increase in rooms year-over-year (YOY). There has been an optimistic, upward trend in the European service and construction sectors, which is off-setting the weak outlook for exports and the on-going short-falls in manufacturing. New construction is being positively impacted by accommodative lending policies. Unemployment is at a 19-year low, yet an economic slowdown is still predicted for 2019. T...

Latin America’s Hotel Construction Pipeline Enters Third Year of a Cyclical Slowdown

Lodging Econometrics | May 30, 2019

May 30, 2019 – PORTSMOUTH, NH - In the recent Latin America hotel construction pipeline trend report, analysts at Lodging Econometrics (LE) state that the total construction pipeline stands at 717 projects/123,804 rooms, down 8% year-over-year (YOY) as it enters the third year of decline from its 2015-2016 peak. Projects presently under construction stand at 329 projects/57,735 rooms. Projects scheduled to start construction in the next 12 months stand at 207 projects/34,712 rooms and those in the early planning stage are at 181 projects/31,357 rooms. The first quarter of 2019 had 29 new hotels/5,405 rooms open. The LE forecast fo...

Canada’s Hotel Construction Pipeline Remains Strong With Double Digit Increases Year-Over-Year

Lodging Econometrics | May 28, 2019

May 28, 2019 – PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that at the close of the first quarter of 2019, the total construction pipeline in Canada remains strong with 264 projects/33,023 rooms. Construction pipeline projects and rooms are both up an impressive 11% year-over-year (YOY). A driving force of the pipeline's double-digit growth is the surge in projects in the early planning stage with 80 projects/11,328 rooms, up 48% and 53% YOY, respectively. Currently, there are 93 projects/10,466 rooms under construction and 91 projects/11,229 rooms scheduled to start construction in the next 12 months, a record h...

IHG’s Holiday Inn Express, Hilton’s Home2 Suites, and Marriott’s Fairfield Inn Claim 20% of U.S. Construction Pipeline Projects

Lodging Econometrics (LE) | May 14, 2019

May 13, 2019 – PORTSMOUTH, NH -- In the Lodging Econometrics (LE) first quarter report for 2019, analysts detailed the leading franchise companies and their brands in the construction pipeline. Leading in the pipeline is Marriott International with 1,499 projects/196,771 rooms and Hilton Worldwide with 1,386 projects/154,349 rooms, both at all-time record highs. InterContinental Hotels Group (IHG) follows with 980 projects/99,115 rooms. These three franchise companies alone comprise 68% of the projects in the total pipeline. The leading brands in the construction pipeline by project count for each of these three companies are IHG'...

The U.S. Hotel Construction Pipeline Continues to Grow in the First Quarter as the Economy Shows Surprising Strength

Lodging Econometrics | May 13, 2019

May 13, 2019 – PORTSMOUTH, NH - At the end of the first quarter of 2019, analysts at Lodging Econometrics (LE) reported that the total U.S. construction pipeline continued to expand with 5,647 projects/687,941 rooms, up a strong 7% by projects and 8% by rooms year-over-year (YOY). Pipeline totals are a mere 236 projects, or 4%, shy of the all-time high of 5,883 projects/785,547 rooms reached in the second quarter of 2008. The record should be pierced later in the year. Conversions and renovations are already at record levels. Projects currently under construction stand at 1,709 projects/227,924 rooms with projects scheduled to sta...

China’s Hotel Construction Pipeline Hits New All-Time High Despite Growing Concerns About the Economic Slowdown

Lodging Econometrics (LE) | March 20, 2019

Analysts at Lodging Econometrics (LE) report that China's total construction pipeline is booming and stands at 2,761 projects/580,635 rooms, up 12% by projects and 6% by rooms year-over-year (YOY). At the end of 2018, both projects and rooms in the construction pipeline are at new all-time highs surpassing the previous cyclical high of 2,658 projects set in the fourth quarter of 2014. China has the second largest pipeline in the world. Projects presently under construction are at 2,044 projects/411,032 rooms, up 17% and 10% YOY, respectively, reflective of the rush to get under construction as the economy continues to soften. Projects s...

Global Construction Pipeline Hits Record High at 2018 Year-End

Lodging Econometrics (LE) | March 6, 2019

Lodging Econometrics (LE) has released its year-end Global Construction Pipeline Trend Report, which compiles the construction pipeline counts for every country and market around the world. At the close of 2018, LE analysts state that the total global construction pipeline hit record highs with 13,573 projects/2,265,792 rooms, a 7% increase in projects and a 6% increase in rooms year-over-year (YOY). The global pipeline has been ascending for eight consecutive years after reaching its cyclical low in 2010. All regional pipelines, with the exception of South America, continued their upward trend YOY. It is notable considering economic gr...