Keyword: Lodging Econometrics
While countries like South Africa, Nigeria, Mauritius, Kenya and Tanzania are evergreen for investment, other cities are attracting interest as well.
The third annual California Lodging Investment Conference, held in Costa Mesa, Calif., registered a record 300-plus guests.
Both hotels and rooms in China's construction pipeline are at new all-time highs, making it the second largest in the world.
Accor, Hilton, IHG and Marriott International combined currently make up more than half the global hotel-construction-project pipeline, according to Lodging Econometrics' research.
Europe’s total construction pipeline jumped to 1,569 hotels with 243,947 rooms at the end of 2018, a 19-percent increase year-over-year.
Hotel companies continue to grapple with online travel agencies for guest bookings and a new study from Rockville, Md.-based Kalibri Labs indicates their efforts have not been in vain.
The brand revolution is coming to Europe where developers see value in some key emerging destinations, as well as some that are re-emerging.
Across China, Lodging Econometrics expects 661 new hotel openings for 2019 and 604 in 2020.
Excluding China, the Asia Pacific region had 274 new hotels with 48,822 rooms open at the close of the third quarter, with a total of 345 set to open by the end of 2018.
After a strong August, hotels in Jeddah, Saudi Arabia, faced drops in occupancy, rates and revenue in November.