Tag: construction pipeline
New York City to Lead Nation in New Hotel Openings in 2019 and 2020
Portsmouth, N.H. — According to the most recent Lodging Econometrics (LE) Construction Pipeline Trend report on New York City, the Big Apple has a total of 155 hotel projects totaling 26,605 rooms in the construction pipeline, making it among the top three largest pipelines in the United States. Of this total, 102 hotels totaling 17,504 rooms are currently under...
These Hotel Brands Are Dominating the U.S. Construction Pipeline
According to the third quarter report by analysts at Lodging Econometrics, the three hotel franchise companies with the largest construction pipelines in the United States are Marriott International with 1,380 projects totaling 181,907 rooms, Hilton Worldwide with 1,350 projects totaling 150,698 rooms, and InterContinental Hotels Group (IHG) with 939 projects totaling 95,312 rooms. Together, the pipelines for these three...
The Top Hotel Companies and Brands in Europe’s Pipeline
PORTSMOUTH, NH—According to a recent Hotel Construction Pipeline Trend Report for Europe, analysts at Lodging Econometrics (LE) report that the top global hotel companies in Europe’s construction pipeline are: AccorHotels with 209 projects/26,936 rooms, Marriott International with 187 projects/31,855 rooms, Hilton Worldwide with 170 projects/26,870 rooms, and InterContinental Hotels Group (IHG) with 133 projects/22,590 rooms. The largest brands in...
Upper-Midscale and Upscale Properties Dominate U.S. Hotel Construction
Analysts at Lodging Econometrics report that together the upper-midscale and upscale hotel construction projects in the United States account for 72 percent of all hotel construction projects in the U.S. pipeline. The upper-midscale category, including unbranded projects, has 2,278 projects/233,150 rooms and is the largest chain scale in the U.S. construction pipeline. The second largest chain scale—including unbranded properties—is...
U.S. Construction Pipeline Shows Healthy Growth in the First Quarter
The U.S. construction pipeline kicked off the first quarter of 2018 with 5,255 projects and a total of 636,174 rooms, up 4 percent by projects and 6 percent by rooms year-over-year (YOY), according to analysts at Lodging Econometrics (LE). The current quarter is just 628 projects/149,373 rooms—or 11 percent—below the highest pipeline level recorded by LE a decade ago in...