hotel pipeline
U.S. Hotel Construction Increased for Seventh Consecutive Month
CoStar Group | October 24, 2024
WASHINGTON – 24 October 2024 – The volume of U.S. hotel rooms under construction increased year over year for a seventh consecutive month, according to CoStar’s September 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. U.S. Hotel Pipeline September 2024 (percentage change from September 2023) In construction: 157,253 rooms (+7.0%) Final Planning: 268,190 rooms (+10.4%) Planning: 336,205 rooms (+38.4%) “Growth in rooms in construction has accelerated over the last seven months,” said Isaac Collazo, STR’s VP, analytics...
Hotel Pipeline Activity Increased Globally, Except for Europe
CoStar Group | October 24, 2024
WASHINGTON – 24 October 2024 – Europe is the only world region with lower hotel pipeline activity year over year, according to September 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. September 2024 (% change in comparison with September 2023): Europe In construction: 163,135 rooms (-1.0%) Final Planning: 87,779 rooms (-21.9%) Planning: 162,275 rooms (+1.7%) Total Under Contract: 413,189 rooms (-5.4%) Among countries in the region, Germany (27,175) led in construction activity, closely followed by the U.K. (24,733). ...
The Americas and Asia Pacific Show Growth in Hotel Pipeline Activity
CoStar Group | July 19, 2024
WASHINGTON – 19 July 2024 – Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. June 2024 (% change in comparison with June 2023): Europe In construction: 165,858 rooms (-2.4%) Final Planning: 93,241 rooms (-20.9%) Planning: 160,651 rooms (+8.0%) Total Under Contract: 419,750 rooms (-3.8%) Among countries in the region, Germany (27,302) led in construction act...
Compass by Margaritaville, Brand’s Boutique Hotel Collection, Announces Expansion
Compass by Margaritaville | March 26, 2024
Orlando, FL (March 26, 2024) – Following the highly-anticipated opening in Naples, Margaritaville announces an expansion of the brand’s Compass by Margaritaville collection of boutique hotels. Offering the same lifestyle guests know and love in a smaller, more intimate footprint, openings include: Naples, FL (Opened March 2024) – The brand’s first conversion (formerly Staybridge Suites) and all-suite property with 119 suites in one of the Sunshine State’s most desirable locations, features an outdoor pool experience, live entertainment, cozy fire tables, multiple social gathering areas, a complimentary breakfast buffet,...
Hotel Pipeline Down for Most of the World at the End of 2023
CoStar Group | January 22, 2024
WASHINGTON – 22 January 2024 – With substantial volume in the planning phases, the Americas was the only world region to show an increase in overall hotel pipeline activity, according to year-end data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Construction activity was down in every world region except Asia Pacific. December 2023 (% change in comparison with December 2022): Europe In construction: 171,354 (-9.7%) Final Planning: 111,255 (-20.9%) Planning: 178,580 (+16.3%) Total Under Contract: 461,189 (-4.7%) Among countrie...
Hotel Pipeline Down Globally, Except for Middle East & Africa
STR | October 20, 2022
LONDON—Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the third quarter, according to September 2022 data from STR. September 2022 (% changes in comparison with September 2021) Europe In Construction: 197,884 rooms (-14.1%) Final Planning: 144,277 rooms (-16.1%) Planning: 162,896 rooms (+9.7%) Total Under Contract: 505,057 (-8.3%) Germany (38,676) and the U.K. (29,471) lead Europe in total rooms in construction. Asia Pacific In Construction: 485,250 rooms (+1.5%) Final Planning: 131,427 rooms (-26.3%) Planning: 287,572 (-0.2%) T...
Hotel Pipeline Activity Down Across the Global Regions
STR | July 20, 2022
LONDON—Each of the four world regions showed a year-over-year decline in hotel pipeline activity at the end of the second quarter, according to June 2022 data from STR. June 2022 (% changes in comparison with June 2021) Europe In Construction: 207,315 rooms (-12.6%) Final Planning: 150,164 rooms (-15.2%) Planning: 163,380 rooms (+10.6%) Total Under Contract: 520,859 (-7.4%) Germany (40,729) and the U.K. (28,612) lead Europe in total rooms in construction. Asia Pacific In Construction: 486,412 rooms (+2.1%) Final Planning: 128,808 rooms (-29.0%) Planning: 302,499 rooms (+11.5%) Total Under Contract: 9...
U.S. Hotel Construction Pipeline Projects Up Slightly Year-Over-Year
Lodging Econometrics | April 25, 2022
April 25, 2022 – PORTSMOUTH, NH - According to the Q1 2022 Construction Pipeline Trend Report for the United States from Lodging Econometrics (LE), the total U.S. construction pipeline stands at 5,090 projects/606,302 rooms at the end of the first quarter of 2022. LE analysts report that the total U.S. construction pipeline shows a small increase year-over-year (YOY), up 2% by projects, but down 3% by rooms. At Q1‘22, there are 961 projects/128,784 rooms currently under construction, down 27% by projects and 28% by rooms YOY. Projects scheduled to start in the next 12 months, at 1,911 projects/223,030 rooms, are up 2% by projects and 3...
