St. Regis Chicago Debuts in the City’s Lakeshore East Neighborhood
Marriott Bonvoy | May 19, 2023
MDO Plans Night Auditor Appreciation Day for May 18
MDO | May 4, 2023
New Hotel Openings
Do This to Gain Instant Trust With Hotel Website Visitors
Tambourine | November 9, 2018
Build trust with hotel website visitors by showcasing SOCIAL PROOF. Social proof is critical to easing the worries of potential guests. In fact, a study in the Washington Post showed social proof had more influence over customers than a discount. This is why a guest review site like TripAdvisor is so popular and impactful on purchase behavior. As travelers and meeting planners are faced with more and more hotel options, it's vital to win their trust first, to win their heart and their wallets. Here are the four core methods of leveraging social proof online: 1. Awards, Accolades and Media Labels Prominently display any accolades...
InnVentures Set to Open 105-Key Residence Inn by Marriott in Bend, Oregon
Residence Inn by Marriott | November 5, 2018
Bend, OR – November 6, 2018 – The 105-suite Residence Inn by Marriott in Bend, Oregon is set to open this Thursday, November 8, 2018. Located at 500 SW Bond Street, the all-suite Residence Inn Bend will operate as a Marriott franchise, managed by InnVentures of Tukwila, Washington. Located in the Old Mill District with unobstructed views of the Cascade Mountains and three minutes from downtown, the Residence Inn Bend offers its guests convenient access to Mt. Bachelor, the Les Schwab Amphitheater, the Deschutes River and numerous breweries. Rates vary depending on length of stay. "We are pleased to introduce Residence Inn ho...
2.5% Growth Rate of New Hotel Openings Expected in 2018 & 2019
Lodging Econometrics | February 1, 2018
February 1, 2018 – PORTSMOUTH, NH – By the end of 2018, the Census of Open & Operating Hotels in the U.S. is expected to grow by 2.5% with 1,145 Projects/130,209 Rooms opening up according to published reports from Lodging Econometrics (LE). Of those expected to open, 514 Projects/50,165 Rooms will be Upper Midscale, the highest count of any chain scale and 45% of all new openings. 556 Projects/59,309 Rooms, almost 50% of new openings, will be suburban locations although the U.S. market with the most anticipated openings is New York with 57 projects/9,534 Rooms. In 2019, the Census is expected to grow another 2.5% by ope...
New Openings Growing Steadily as the Cycle Matures
Lodging Econometrics | November 15, 2017
November 15, 2017 – PORTSMOUTH, NH – By the end of the third quarter, 701 Hotels/82,484 Rooms had already opened in the U.S. with another 278 Projects/29,532 Rooms forecast to open by year-end according to analysts at Lodging Econometrics (LE). The Total 2017 Forecast is 979 Projects/112,016 Rooms, representing a 12% increase over the actual number of Hotel Openings in 2016, which stood at 850 Hotels/99,881 Rooms. With slight increases in occupancy being recorded, new supply in 2017 should be easily absorbed. Demand growth, however modest, still continues to exceed supply growth. Almost half of the hotels expected to open t...
U.S. Hotel Openings Forecast to Accelerate in the Next Two Years According to Lodging Econometrics
Lodging Econometrics | December 28, 2015
Dec. 28, 2015 - PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that new hotel openings in the United States will accelerate over the next two years. This year the U.S. is scheduled to open a total of 742 new hotels. Based on the current construction Pipeline, 845 hotels are forecast to open in 2016 with another 998 hotel openings in 2017. LE says that the growth in new hotel openings from 2016 to 2017 will be led by three major franchise companies, which are forecast to brand 67% of all new openings: Marriott International with 456 hotel openings, Hilton Worldwide with 406, and Intercontinental Hotels Group (IHG) with 374....
Lodging Econometrics Releases its 2015 Forecast for New Hotel Openings Predicting 739 U.S. Projects
August 13, 2013
August 13, 2013 - Lodging Econometrics' (LE's) forecast predicts New Hotel Openings of 739 Projects/ 82,587 Rooms for 2015, representing a growth rate for new supply of 1.6%. This is a slow, moderate but steady uptrend improvement over 2011's cyclical bottom of 346 Projects/ 37,193 Rooms. Despite these increases, the industry is still far away from the peak for New Openings of 1,341 Projects/ 154,258 Rooms set in 2008, a feat that will not likely be repeated until late this decade, if at all. The 2015 forecast is contingent upon two factors; that the hotels already in the Pipeline continue to migrate forward at the quickened pace establ...
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