lodging econometrics
The Global Construction Pipeline Hits Record High at 2019 Year-End*
Lodging Econometrics | March 10, 2020
March 10, 2020 – PORTSMOUTH, NH Lodging Econometrics (LE) has released its year-end Global Construction Pipeline Trend Report, which compiles construction pipeline counts for every country, and city around the world. At the close of 2019, LE analysts state that the total global construction pipeline hit record highs with 15,000 projects/2,454,954 rooms, a 11% increase in projects and an 8% increase in rooms year-over-year (YOY). The global pipeline has been ascending for nine consecutive years after reaching its cyclical low, by rooms, in 2010. Four of the seven regions of the world continue to have pipelines trending upward, YOY. The e...
Asia Pacific, Excluding China, Hit Record Highs in All Stages of Its Hotel Construction Pipeline*
Lodging Econometrics (LE) | March 9, 2020
March 9, 2020 -- PORTSMOUTH, NH -- Analysts at Lodging Econometrics (LE) state that Asia Pacific’s total construction pipeline, excluding China, hit a new all-time high at the close of 2019 with 1,926 projects/409,447 rooms. Project counts are up 7%, while room counts are up 8%, year-over-year (YOY). Projects currently under construction stand at a record 991 projects with 224,354 rooms. Projects scheduled to start construction in the next 12 months and those in the early planning stage are also at all-time highs with 436 projects/85,417 rooms and 499 projects/99,676 rooms, respectively. New projects announced into the pipeline have a...
China’s Hotel Construction Pipeline Closes 2019 Hitting New All-Time High*
Lodging Econometrics (LE) | March 4, 2020
March 4, 2020 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that China’s total construction pipeline boomed in the fourth quarter of 2019 and closed the quarter at 3,526 projects/643,435 rooms, up 28% by projects and 11% by rooms year-over-year (YOY). At the end of 2019, both projects and rooms in the construction pipeline are at new all-time highs. China has the second largest pipeline in the world. Projects presently under construction are at 2,317 projects/411,032 rooms, up 13% by projects and down less than 1% by rooms, YOY. Projects scheduled to start construction in the next 12 months are at 763 projects/76,06...
The Middle East’s Hotel Construction Pipeline Counts Essentially Even Year-Over-Year
Lodging Econometrics (LE) | February 27, 2020
February 27, 2020 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) state in the 2019 year-end report that the hotel construction pipeline in the Middle East stands at 618 projects/178,384 rooms, compared to 622 projects/181,813 rooms at the end of 2018. The pipeline in the Middle East remains strong as room counts have been over 170,000 in every quarter of the past two years. Projects currently under construction are at 357 projects/117,112 rooms. Projects scheduled to start construction in the next 12 months stand at 128 projects/32,684 rooms, and projects in the early planning stage are at 133 projects/28,588 rooms. The Mi...
Europe’s Hotel Construction Pipeline Continues an Upward Trend Despite Some Economic Challenges
Lodging Econometrics | February 24, 2020
February 21, 2020 – PORTSMOUTH, NH - According to the recent Europe hotel construction pipeline trend report from Lodging Econometrics (LE), Europe’s total construction pipeline rose to 1,871 projects/297,490 rooms in the fourth quarter of 2019, a 19% increase by projects and 22% by rooms, year-over-year (YOY). There are 879 projects/140,620 rooms currently under construction, 531 projects/81,235 rooms scheduled to start construction in the next 12 months, and 461 projects/75,635 rooms in early planning. All stages of the pipeline are at record highs and have counts more than double their cyclical lows set earlier in the decade. Ho...
Hotel Projects Starting in the Next 12 Months Are at an All-Time High in Latin America
Lodging Econometrics | February 13, 2020
February 13, 2020 – PORTSMOUTH, NH - According to the recent Lodging Econometrics (LE) Latin America construction pipeline report, analysts at LE state that the total construction pipeline stands at 711 projects/128,453 rooms, a 2% decline in projects and 3% increase in rooms, year-over-year (YOY). There are 329 projects/58,315 rooms presently under construction and projects scheduled to start construction in the next 12 months are at an all-time high with 214 projects/43,050 rooms. Projects in the early planning stage stand at 168 projects/27,088 rooms. New projects announced into the pipeline during 2019 were up 2% by projects, but...
Canada’s Construction Pipeline Soars to Record High
Lodging Econometrics | February 4, 2020
February 4, 2020 – PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that at year-end 2019, the total construction pipeline in Canada continues to ascend hitting an all-time high of 305 projects/39,984 rooms. The pipeline is up an impressive 15% by projects and 20% by rooms, year-over-year (YOY). At the close of 2019, projects under construction are hitting record counts with 96 projects/12,007 rooms. Projects scheduled to start construction in the next 12 months, up an extraordinary 36% by projects and 28% by rooms, stand at 120 projects/13,785 rooms and projects in the early planning stage are also at an all-time high with...
For the Second Consecutive Quarter, Los Angeles Leads in U.S. Hotel Construction Pipeline
Lodging Econometrics (LE) | January 31, 2020
January 31, 2020 – PORTSMOUTH, NH – At the close of 2019, analysts at Lodging Econometrics (LE) report that the top five U.S. markets with the largest total hotel construction pipelines are: Los Angeles, at a cyclical high, with 168 projects/28,501 rooms; Dallas with 160 projects/19,787 rooms; New York City with 158 projects/25,825 rooms; Atlanta, also at a cyclical high, with 143 projects/19,660 rooms; and Houston with 136 projects/14,114 rooms. Under construction project counts are at an all-time high with 1,768 projects with 237,362 rooms. Markets with the greatest number of projects already in the ground are New York with 107 p...
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