Lodging Econometrics: U.S. Construction Pipeline Up 7 Percent Year Over Year
According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics (LE), at the close of the second quarter, the hotel...
Wyndham Grows ECHO Suites Brand With 60 New Hotels
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced 60 new hotels for its ECHO Suites Extended Stay by Wyndham brand, including what will be the...
Lodging Econometrics: Marriott, Hilton, and IHG Lead U.S. Hotel Construction Pipeline
In the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in...
STR: Four World Regions Show Year-Over-Year Decline in Construction Activity
LONDON—Each of the four world regions showed a year-over-year decline in hotel construction activity. Asia Pacific is closest to its 2022 comparable, according to...
STR: Upper-Upscale Hotels Well Represented in Development Pipeline
HENDERSONVILLE, Tennessee—Upper-upscale hotels, the property types most associated with business travel, are well represented in the U.S. development pipeline. The volume of projects in...
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Peregrine Hospitality Adds 26 Properties to Its Management Portfolio
DENVER, Colorado—Peregrine Hospitality broadened its platform by adding 26 select-service properties to its management portfolio.
"When we created Peregrine Hospitality last year, our goal was...
Profiling the Development Pipeline: High Interest Rates and Labor Costs Continue to Impact Construction...
According to CoStar, there were 1,264 properties with a combined total of 151,129 guestrooms under construction in the United States as of November 2024,...
This Week’s Comings & Goings
Hyatt announced a series of changes to its senior leadership team: Marc Jacheet will be joining Hyatt as group president, Europe, Middle East, and...
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