Tag: Lodging Econometrics
Five U.S. Markets With the Largest Hotel Construction Pipelines
PORTSMOUTH, N.H. — Analysts at Lodging Econometrics (LE) reported this week that the total U.S. hotel construction pipeline expanded 1 percent year-over-year (YOY) at the end of Q1 2020 to 5,731 projects. Nationally, under-construction project counts hit a new all-time high with 1,819 projects totaling 243,100 rooms.
The U.S. markets with the greatest number of projects already in the ground...
U.S. Hotel Construction Pipeline Held Steady in Q1 Despite COVID-19
PORTSMOUTH, N.H. — Analysts at Lodging Econometrics (LE) recently reported that the total U.S. hotel construction pipeline continued to expand year-over-year (YOY) at the end of Q1 2020 to 5,731 projects/706,128 rooms—up 1 percent by projects and 3 percent by rooms. However, quarter-over-quarter, the pipeline has contracted slightly less than 1 percent by both project and room counts, down...
Global Hotel Construction Pipeline Hit Record Highs at the End of 2019
PORTSMOUTH, N.H. — Lodging Econometrics released its year-end Global Construction Pipeline Trend Report, which compiles hotel construction pipeline counts for every country and city around the world. At the close of 2019, LE analysts report that the total global construction pipeline hit record highs with 15,000 projects totaling 2,454,954 rooms—an 11 percent increase in projects and an 8 percent...
Five Markets With the Largest Hotel Pipelines in 2019
PORTSMOUTH, N.H. — Analysts at Lodging Econometrics (LE) recently reported the five U.S. markets with the largest hotel construction pipelines at the close of 2019 (listed below). The number of hotels under construction is at an all-time high with 1,768 projects and 237,362 rooms.
The five markets with the most projects already in the ground, which collectively accounted for 16...
Marriott’s Hotel Pipeline Reaches an All-Time High
PORTSMOUTH, N.H. — Marriott International's hotel construction pipeline has reached an all-time high with 1,579 projects/207,906 rooms—the largest of any franchise company, according to Lodging Econometrics' year-end report for 2019. Hilton Worldwide and InterContinental Hotels Group (IHG) followed with 1,370 projects/152,832 rooms and 943 projects/96,725 rooms, respectively. These three franchise companies accounted for 68 percent of the hotel projects...