new hotel construction
Projects in the Early Planning Stage of the Global Hotel Construction Pipeline Reach Record High Counts at 2022 Year-End
Lodging Econometrics (LE) | February 27, 2023
February 27, 2023 – PORTSMOUTH, NH – Lodging Econometrics (LE) has released its Q4 year-end Global Construction Pipeline Trend Report. At the close of 2022, LE analysts state that the total global construction pipeline stands at 14,267 projects, a 4% increase year-over-year (YOY), with 2,298,846 rooms. The global pipeline has remained relatively flat for three consecutive years, following the onset of the COVID-19 pandemic, after reaching peak project and room counts in Q4 2019. However, three of the seven world regions tracked by LE, the United States, Canada, and Asia Pacific, continue to have pipelines trending upward, YOY. The remaini...
Rosewood Riyadh to Open in 2025 in Saudi Arabia
Rosewood Hotels & Resorts | December 7, 2021
Rosewood Hotels & Resorts® continues its strategic global growth with the announcement of Rosewood Riyadh, a new-build luxury hotel set to open in the Saudi Arabian capital in 2025. Situated adjacent to the UNESCO World Heritage Site of At-Turaif, Rosewood Riyadh will be located within Diriyah Gate, a progressive mixed-use development project poised to become the country’s leading cultural and lifestyle destination. The hotel is destined to bring a new level of luxury to the local and regional hospitality landscape and present an exceptional opportunity for both business and leisure travelers to immerse themselves in one of the Middl...
Radisson Signs Three New Hotels Within Saudi Arabia’s Thakher Makkah Megaproject
Radisson Hotel Group | September 14, 2021
Makkah / Dubai / Brussels — September 14, 2021 — Radisson Hotel Group is proud to announce the signing of three hotels within the Thakher Makkah megaproject, an urban development in the city of Makkah, Saudi Arabia. Further strengthening its presence across two brands, the Park Inn by Radisson Makkah Thakher City Tower West, the Park Inn by Radisson Makkah Thakher City Tower East and the Radisson Hotel Makkah Thakher City are set to open in Q4 2022. The new signings will add a total of 992 rooms and apartments, doubling the Group’s portfolio in Makkah, a key target growth market in Saudi Arabia. Despite the challenges due to the pande...
Nikko Style Niseko HANAZONO Hotel to Open in 2024
Fujita Corporation | August 25, 2021
TOKYO - August 25, 2021 - Okura Nikko Hotel Management Co., Ltd., a subsidiary of Hotel Okura Co., Ltd., is pleased to announce that it will open the Nikko Style Niseko HANAZONO hotel in 2024. The hotel will be located in Niseko, Hokkaido, a world-famous ski resort in Japan’s northernmost main island of Hokkaido. The company has contracted with Fujita Corporation to manage the new property. The Nikko Style Niseko HANAZONO will offer 234 guest rooms, each with a standard area of about 34 square meters, including 16 suite rooms, on 8 floors above ground. All guest rooms on the top two floors will be equipped with bathrooms featuring a priv...
