Keyword: Lodging Econometrics
According to the Lodging Econometrics year-end report, Marriott, Hilton and IHG accounted for more than two-thirds of pipeline projects.
Lodging Econometrics forecasts that the Middle East is on track to open 93 new hotels this year and will surpass 100 in the next two years.
The three stages of development in Europe’s pipeline are experiencing double-digit increases year over year and are at or near record highs.
Should all of 2020's scheduled hotels come online as planned, China will open the most new rooms next year since the cyclical peak in 2014.
Construction pipeline hotels were up 17 percent and rooms are up “a remarkable” 28 percent year over year, according to Lodging Econometrics.
The U.S. hotel room construction pipeline increased 8 percent YOY, according to Lodging Econometrics’ fall report.
The promise of a worthwhile and sustainable ROI remains a key goal of owners and developers who go the new-build route in the upscale segment.
At 14,051 projects and 2,327,923 rooms, the total global hotel-construction pipeline reached a record high by the end of Q2.
Should all new hotels open as scheduled in the next two years, Europe's current count of 2,885,630 guestrooms will grow 7 percent.
The region's pipeline has continued to improve despite slowing economies and growth uncertainties in China.