lodging econometrics
The Middle East’s Hotel Construction Pipeline Shows Growth in the First Quarter
Lodging Econometrics (LE) | May 24, 2023
May 24, 2023 – PORTSMOUTH, NH According to the Q1 2023 Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the hotel construction pipeline in the region increased to 581 projects/147,356 rooms, up 8% by projects and 6% by rooms year-over-year (YOY). Hotel development counts in the Middle East continue to increase through the first quarter, largely due to the strong inflow of demand for lodging options in the region. The Middle East has become one the world’s fastest-growing tourism destinations - hosting major cultural, religious, and sporting events, which has helped propel demand and occupancy throu...
Growing Early Planning Project Counts and Increased New Project Announcements Drive Europe’s Hotel Construction Pipeline at the Q1 Close
Lodging Econometrics (LE) | May 23, 2023
May 23, 2023 – PORTSMOUTH, NH According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts at LE report that at the close of the first quarter, the country’s hotel construction pipeline stands at 1,776 projects/266,901 rooms. Projects under construction stand at 814 projects/125,657 rooms, while projects scheduled to start construction in the next 12 months account for 419 projects/62,625 rooms. Projects in the early planning stage have hit a record high 543 projects with 78,619 rooms, up 17% by projects and 12% by rooms year-over-year (YOY). New project announcements experienced a he...
The Hotel Construction Pipeline in the Asia Pacific Region, Excluding China, Remains Steady at Q1 2023
Lodging Econometrics (LE) | May 17, 2023
May 17, 2023 – PORTSMOUTH, NH As seen in Lodging Econometrics’ (LE’s) most recent Asia Pacific Construction Pipeline Trend Report, excluding China, analysts state that the region ended the first quarter of 2023 with 1,885 projects/394,235 rooms in the total pipeline. The region currently has 943 projects under construction, with 213,900 rooms, and 300 projects with 59,170 rooms scheduled to start construction in the next 12 months. Project counts in the early planning stage hit record highs of 642 projects/121,165 rooms, up 12% by projects and 5% by rooms year-over-year (YOY). The Asia Pacific, excluding China, region also saw 171 ne...
Hotel Construction Pipeline Growth in China Picks Up With the Return of Travel
Lodging Econometrics (LE) | May 15, 2023
May 15, 2023 – PORTSMOUTH, NH According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China's total hotel construction pipeline stands at 3,659 projects/680,959 rooms at the end of Q1‘23, down 1% by projects and 3% by rooms year-over-year (YOY). While project counts may be down YOY, domestic and international travel gained significant momentum during the first quarter. The reopening of borders and national holidays has largely aided in the increased demand for travel accommodations, which is expected to continue this upward trajectory through the second quarter. As a matter of fact, in Q1, the coun...
The Backend of the Latin America Hotel Construction Pipeline Grows and Renovations & Brand Conversions Tick Upward
Lodging Econometrics (LE) | May 11, 2023
May 11, 2023 – PORTSMOUTH, NH According to Lodging Econometrics’ (LE’s) Construction Pipeline Trend Report for Q1 2023, the hotel construction pipeline in Latin America, quarter-over-quarter, has increased 2% by projects and 3% by rooms. The Latin America hotel construction pipeline, at the close of Q1 2023, stands at 546 projects/90,139 rooms, however, down slightly 3% by projects and 2% by rooms year-over-year (YOY). Of the 546 projects/90,193 rooms, 226 projects/40,034 rooms are under construction throughout Latin America. Projects scheduled to start construction in the next 12 months stand at 160 projects/25,887 rooms, up 8% by p...
New Project Announcements and Record Early Planning Project Counts Fuel Canada’s Hotel Construction Pipeline
Lodging Econometrics (LE) | May 5, 2023
May 5, 2023 – PORTSMOUTH, NH As reported in the recently released Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), at the close of Q1 2023, the country’s hotel construction pipeline currently stands at 283 projects/37,683 rooms. Canada’s total construction pipeline increased 10% by projects and 5% by rooms year-over-year (YOY). Accelerated by the return of travel demand, new project announcements (NPAs) in Canada saw significant growth in the first quarter. NPAs surpassed totals for each of the previous five quarters, to stand at 27 projects/3,806 rooms at the Q1 close. As a result of the growing number of ...
Marriott, Hilton, and IHG Continue to Dominate the U.S. Hotel Construction Pipeline
Lodging Econometrics (LE) | May 2, 2023
May 2, 2023 – PORTSMOUTH, NH In the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the construction pipeline at the close of the first quarter. Marriott International (Marriott) tops the charts with the greatest number of projects in the U.S. hotel construction pipeline, at Q1 2023, with 1,499 projects/181,377 rooms, followed closely by Hilton Worldwide (Hilton), with a record-high count of 1,436 projects/161,359 rooms, and then InterContinental Hotels Group (IHG) with 809 projects/80,679 rooms. Combined, these three fra...
Year-Over-Year Growth in the Hotel Construction Pipeline for the Top 25 U.S. Markets as a Group
Lodging Econometrics (LE) | May 1, 2023
May 1, 2023 – PORTSMOUTH, NH In the Q1 2023 U.S. Construction Pipeline Trend Report released by Lodging Econometrics (LE), LE analysts report, that as a group, year-over-year the hotel construction pipeline has grown in the Top 25 Markets in the U.S. The top five U.S. markets with the largest hotel construction pipelines at the close of the first quarter are led by Dallas with, record-high project and room counts of 184 projects/21,810 rooms. Following are Atlanta with 144 projects/18,242 rooms, Los Angeles with 118 projects/19,066 rooms, Phoenix with 117 projects/16,100 rooms, and Nashville with 115 projects/15,354 rooms. Markets with t...
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