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Forecast for New Hotel Construction

For the remainder of 2017, analysts at Lodging Econometrics (LE) forecast another 868 projects/97,386 rooms to open for a total of 1,080 hotels/121,508 rooms this year alone, a 22 percent increase over the total number of openings last year. In ...

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Upper-Midscale Hotels Most Popular in Construction Pipeline

Analysts at Lodging Econometrics (LE) report that upper-midscale hotel projects are currently the most popular in the construction pipeline. With 2,067 projects/205,662 rooms, the category has the largest project count of any chain scale in the total pipeline. The second largest category is upscale, ...

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Lodging Econometrics Spotlights Top Construction Markets

Analysts at Lodging Econometrics (LE) report that the five markets with the largest hotel construction pipelines by project count are: New York with 185 Projects/29,447 Rooms; Houston with 158 Projects/17,475 Rooms; Dallas with 141 Projects/17,869 Rooms; Nashville with 124 Projects/15,614 ...

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LE Names Business Development Director of the Year

LE Names Business Development Director of the Year

Portsmouth, NH–Lodging Econometrics (LE) announced that Tom O’Gorman has received the Business Development Director of the Year Award for the company. The Award recognizes an individual with strong sales results who has also demonstrated the highest levels of customer service, ...

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Hotel Construction Pipeline Continues Moderate Growth

PORTSMOUTH, N.H.—Lodging Econometrics reports that the Q1 2017 United States construction pipeline currently stands at 5,032 projects/602,034 rooms, up 13 percent by projects year-over-year (YOY). There are 1,511 projects/197,450 rooms under construction, up by 155 projects YOY or 11 percent. ...

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