construction pipeline
UK & Germany With the Strongest Hotel Pipelines in Europe at Q2 2023
Lodging Econometrics (LE) | August 24, 2023
August 24, 2023 – PORTSMOUTH, NH In the Q2 2023 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the region currently has 1,715 projects/256,578 rooms in its construction pipeline at the close of the quarter. There are currently 776 projects/118,400 rooms under construction. Projects scheduled to start construction in the next 12 months stand at 404 projects/61,842 rooms and those in the early planning stage stand at 535 projects/76,336 rooms. The top countries in Europe’s construction pipeline at the close of the second quarter are the United Kingdom with 322 projects/45,181 rooms, ...
Projects in the Early Planning Stage of Latin America’s Hotel Construction Pipeline Rise at Q2 2023
Lodging Econometrics (LE) | August 10, 2023
August 10, 2023 – PORTSMOUTH, NH – According to the Q2 2023 Latin America Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the region’s total construction pipeline includes 552 projects/88,477 rooms. At the close of the quarter, there are 227 projects/38,675 rooms presently under construction, projects scheduled to start construction in the next 12 months stand at 158 projects/25,091 rooms, and projects currently in early planning stand at 167 projects/24,711 rooms. Projects in the early planning stage experienced the most growth at Q2, increasing 17% by projects and 21% by rooms, year-over-year (YOY). Twe...
Pipeline in Canada Is Up; Toronto and Vancouver With Impressive Pipelines at Q2 2023
Lodging Econometrics (LE) | August 7, 2023
August 7, 2023 – PORTSMOUTH, NH – As seen in the recently released Canada Construction Pipeline Trend Report from Lodging Econometrics (LE), the total construction pipeline in Canada continued to expand at the close of the second quarter with 275 projects/37,359 rooms, up 5% by projects and rooms year-over-year (YOY). Analysts at LE report that, at the Q2 close, projects presently under construction in Canada stand at 52 projects/7,021 rooms. Projects scheduled to start construction in the next 12 months are at 88 projects/10,086 rooms. Early planning has the most substantial shift in projects YOY, showing a 30% increase by projects a...
Atlanta and Dallas Among Top Markets for New Hotel Openings Through 2025
Lodging Econometrics (LE) | August 2, 2023
August 2, 2023 – PORTSMOUTH, NH – According to the United States Construction Pipeline Trend Report by Lodging Econometrics (LE) for Q2 2023, the five markets with the largest hotel construction pipelines are Dallas with a record-high 184 projects/21,501 rooms, Atlanta with 141 projects/17,993 rooms, Phoenix with 119 projects/16,107 rooms, Nashville with 116 projects/15,346 rooms, and Los Angeles with 112 projects/17,797 rooms. The markets with the most projects currently under construction at the Q2 close are New York with 47 projects/8,201 rooms, and Phoenix with 29 projects/6,064 rooms. Dallas has the most projects scheduled to st...
The Middle East’s Hotel Construction Pipeline Shows Growth in the First Quarter
Lodging Econometrics (LE) | May 24, 2023
May 24, 2023 – PORTSMOUTH, NH According to the Q1 2023 Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the hotel construction pipeline in the region increased to 581 projects/147,356 rooms, up 8% by projects and 6% by rooms year-over-year (YOY). Hotel development counts in the Middle East continue to increase through the first quarter, largely due to the strong inflow of demand for lodging options in the region. The Middle East has become one the world’s fastest-growing tourism destinations - hosting major cultural, religious, and sporting events, which has helped propel demand and occupancy throu...
Growing Early Planning Project Counts and Increased New Project Announcements Drive Europe’s Hotel Construction Pipeline at the Q1 Close
Lodging Econometrics (LE) | May 23, 2023
May 23, 2023 – PORTSMOUTH, NH According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts at LE report that at the close of the first quarter, the country’s hotel construction pipeline stands at 1,776 projects/266,901 rooms. Projects under construction stand at 814 projects/125,657 rooms, while projects scheduled to start construction in the next 12 months account for 419 projects/62,625 rooms. Projects in the early planning stage have hit a record high 543 projects with 78,619 rooms, up 17% by projects and 12% by rooms year-over-year (YOY). New project announcements experienced a he...
The Hotel Construction Pipeline in the Asia Pacific Region, Excluding China, Remains Steady at Q1 2023
Lodging Econometrics (LE) | May 17, 2023
May 17, 2023 – PORTSMOUTH, NH As seen in Lodging Econometrics’ (LE’s) most recent Asia Pacific Construction Pipeline Trend Report, excluding China, analysts state that the region ended the first quarter of 2023 with 1,885 projects/394,235 rooms in the total pipeline. The region currently has 943 projects under construction, with 213,900 rooms, and 300 projects with 59,170 rooms scheduled to start construction in the next 12 months. Project counts in the early planning stage hit record highs of 642 projects/121,165 rooms, up 12% by projects and 5% by rooms year-over-year (YOY). The Asia Pacific, excluding China, region also saw 171 ne...
Hotel Construction Pipeline Growth in China Picks Up With the Return of Travel
Lodging Econometrics (LE) | May 15, 2023
May 15, 2023 – PORTSMOUTH, NH According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China's total hotel construction pipeline stands at 3,659 projects/680,959 rooms at the end of Q1‘23, down 1% by projects and 3% by rooms year-over-year (YOY). While project counts may be down YOY, domestic and international travel gained significant momentum during the first quarter. The reopening of borders and national holidays has largely aided in the increased demand for travel accommodations, which is expected to continue this upward trajectory through the second quarter. As a matter of fact, in Q1, the coun...
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