Press & Media

Press & Media

Read recent LE press releases for an inside look at global lodging real estate news, regional and individual market insights, and growth trends for leading Franchises Companies and brands.

  1. Canada’s Pipeline is on the Upswing — July 5, 2017
    According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 214 Projects/28,299 Rooms, up 7% by projects Year-Over-Year (YOY).

    There are 75 Projects/10,700 Rooms Under Construction, up 12% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 84 Projects/9,808 Rooms, up 29%, while projects in Early Planning at 55 Projects/7,791 Rooms are down 19%.

    The top hotel companies in Canada’s Construction Pipeline are: Marriott International with 46 Projects/6,997 Rooms, Hilton Worldwide with 29 Projects/3,649 Rooms, and InterContinental Hotels Group (IHG) with 28 Projects/3,149 Rooms. The largest brands in the Pipeline for each of these companies are: Courtyard by Marriott with 12 Projects/1,733 Rooms, Hampton Inn with 8 Projects/825 Rooms and Holiday Inn Express with 18 Projects/1,935 Rooms.

    Cities in Canada with the largest pipelines are: Toronto with 37 Projects/4,960 Rooms, Calgary with 18 Projects/2,808 Rooms and Montreal with 12 Projects/1,652 Rooms.

  2. Europe’s Pipeline is Steady — July 5, 2017
    The recent Europe Construction Pipeline currently has 1,062 Projects/172,063 Rooms, up 13% Year-Over-Year (YOY), according to Lodging Econometrics (LE).

    There are 527 Projects/91,195 Rooms Under Construction, up 30% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 291 Projects/44,757 Rooms, up 28%, while projects in Early Planning at 244 Projects/36,111 Rooms are down 20%.

    The top hotel companies in Europe’s Construction Pipeline are: Hilton Worldwide with 164 Projects/26,182 Rooms, Marriott International with 151 Projects/26,631 Rooms, and InterContinental Hotels Group (IHG) with 101 Projects/17,249 Rooms. The largest brands in the Pipeline for each of these companies are: Hampton Inn with 68 Projects/10,268 Rooms, Marriott’s Moxy with 45 Projects/8,677 Rooms and Holiday Inn Express with 47 Projects/7,634 Rooms.

    Cities in Europe with the largest pipelines are: London with 89 Projects/16,339 Rooms, Moscow with 41 Projects/8,848 Rooms and Istanbul with 35 Projects/6,284 Rooms.

  3. Middle East Pipeline on the Rise — June 29, 2017
    Analysts at Lodging Econometrics (LE) report that according to the recent Middle East Construction Pipeline the Total Pipeline has 518 Projects/138,977 Rooms, up 13% by projects Year-Over-Year (YOY).

    There are 318 Projects/86,871 Rooms Under Construction, up 22% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 117 Projects/29,152 Rooms, up 41%, while projects in Early Planning at 83 Projects/22,954 Rooms are down by 27%.

    The top hotel companies in the Middle East Construction Pipeline are: Marriott International with 86 Projects/21,576 Rooms, Hilton Worldwide with 81 Projects/23,477 Rooms, and AccorHotels with 52 Projects/14,876 Rooms. The largest brands in the Pipeline for each of the these companies are: Courtyard by Marriott with 12 Projects/2,720 Rooms, Hilton’s full-service hotel brand with 28 Projects/10,740 Rooms and Accor’s Novotel with 10 Projects/2,629 Rooms.

    The Middle Eastern cities with the largest pipelines are: Dubai with 125 Projects/35,882 Rooms, Riyadh with 57 Projects/10,872 Rooms, Doha with 48 Projects/10,395 Rooms, and Jeddah with 40 Projects/8,071 Rooms.

  4. Global Pipeline Shows Steady Increase — June 27, 2017
    Lodging Econometrics’ (LE) Global Construction Pipeline Trend Report states that the Total Pipeline ended the first quarter with 11,904 Projects/1,974,439 Rooms, up 6% by projects Year-Over-Year (YOY).

    There are 5,496 Projects/1,009,227 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,753 Projects/532,814 Rooms, are up a strong 17% while projects in Early Planning at 2,655 Projects/432,398 Rooms are down 2% by projects.

    The leading franchise companies in the Global Construction Pipeline by project-count are: Marriott International with 2,159 Projects/363,672 Rooms, Hilton Worldwide with 1,993 Projects/300,524 Rooms, InterContinental Hotels Group (IHG) with 1,336 Projects/204,991 Rooms and Choice Hotels with 561 Projects/47,155 Rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 332 Projects/35,089 Rooms, Hilton’s Hampton Inn with 547 Projects/65,211 Rooms, IHG’s Holiday Inn Express with 595 Projects/72,113 Rooms, and Choice’s Comfort Suites with 127 Projects/10,596 Rooms.

    The top countries by room-count are the United States with 602,034 Rooms/5,032 Projects and China with 534,285 Rooms/2,441 Projects. The U.S. accounts for 30% of the rooms in the Global Pipeline while China accounts for 27%, resulting in 57% of the Global Pipeline being concentrated in just two countries.

    The cities with the largest pipeline room counts are: Dubai with 35,882 Rooms/125 Projects, New York with 29,447 Rooms/185 Projects, Seoul with 27,084 Rooms/148 Projects, Shanghai with 25,406 Rooms/133 Projects and Guangzhou with 22,727 Rooms/ Projects.

  5. China’s Pipeline is Steady — June 23, 2017
    Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline that the Total Pipeline has 2,441 Projects/534,285 Rooms, down just 7 projects Year-Over-Year (YOY).

    There are 1,722 Projects/360,379 Rooms Under Construction, down 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 323 Projects/72,323 Rooms, up 10%, while projects in Early Planning at 396 Projects/101,583 Rooms are up by 8%.

    The top hotel companies in China’s Construction Pipeline are: Marriott International with 240 Projects/69,051 Rooms, InterContinental Hotels Group (IHG) with 215 Projects/58,481 Rooms, and Hilton Worldwide with 266 Projects/67,909 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott’s Sheraton Hotels with 50 Projects/15,901 Rooms, IHG’s Holiday Inn with 55 Projects/15,305 Rooms and Hilton’s full-service hotel with 64 Projects/23,153 Rooms.

    Cities in China with the largest pipelines are: Shanghai with 133 Projects/25,406 Rooms, Guangzhou with 116 Projects/22,727 Rooms, Chengdu with 92 Projects/21,918 Rooms, Sanya with 57 Projects/20,324 Rooms and Suzhou with 90 Projects/17,220 Rooms.

  6. Lodging Econometrics Named Family Business of the Year — June 5, 2017
    Lodging Econometrics (LE) has been named the 2017 Family Business of the Year by the University of New Hampshire’s Center for Family Business. LE was honored at the 7th Annual Awards Dinner recently held at the Manchester Country Club.

    Each year, the UNH Center for Family Business recognizes a family business that exemplifies leadership and excellence in their industry. LE was chosen for their innovative business practices within the lodging industry, the multigenerational involvement of family members in the business, support of the University of New Hampshire (UNH) and its programs and for their contributions to the community.

    “We continuously strive to be leaders in the lodging industry and actively support several statewide non-profit organizations including New Generation, a homeless shelter for women and their children in Greenland, NH, and the various charitable fundraising endeavors of the Roman Catholic Diocese of Manchester, NH,” said Patrick Ford, Founder and CEO of LE. “Lodging Econometrics is currently led by my three sons: Timothy, JP and Bruce and my daughter Julie who serves as a director. We have been active members of the Center for Family Business and have worked closely with the Peter Paul Business School at the university for several years. Tim, Chief Operating Officer of LE recently completed its Leadership Development Program. We have also hired numerous interns and employed many students with foreign language experience. We are truly honored to have been selected for this award,” continued Ford.

    LE is recognized as the industry’s authority on global hotel real estate. LE organizes the world’s Lodging Construction Pipeline, identifies decision-makers and compiles an Online Database for hotel franchise companies, investor groups, management companies and vendors to the industry. This research helps their clients expand their business and increase their market share. LE also compiles portfolios of Management Guidance Reports that summarize the business potential available to them in each of their sales territories and Real Estate Trend Reports which display the latest economic and industry trends for their strategic planning.

    “Our customized Real Estate Intelligence Programs identify every new business opportunity in any country or market that our clients are targeting and provide decision maker contacts for each project. This translates to a real competitive advantage for our clients,” said Ford.

  7. Asia Pacific Pipeline Excluding China is Steady — June 1, 2017
    The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,561 Projects/314,716 Rooms, up 1% by projects Year-Over-Year (YOY) according to analysts at Lodging Econometrics (LE).

    There are 834 Projects/172,518 Rooms Under Construction, down 2% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 308 Projects/66,676 Rooms, up 11%, while projects in Early Planning at 419 Projects/75,522 Rooms up by 2 projects.

    The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marriott International with 230 Projects/51,852 Rooms, InterContinental Hotels Group (IHG) with 125 Projects/29,135 Rooms, and Hilton Worldwide with 69 Projects/14,669 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott’s Sheraton Hotels with 30 Projects/7,436 Rooms, IHG’s Holiday Inn with 45 Projects/11,676 Rooms and Hilton Hotel & Resorts with 21 Projects/5,411 Rooms.

    The top three countries in the Asia Pacific Construction Pipeline, excluding China, are: Indonesia with 397 Projects/65,242 Rooms, India with 227 Projects/35,633 Rooms and South Korea with 174 Projects/36,410 Rooms.

    Cities with the largest pipelines are: Seoul with 148 Projects/27,084 Rooms, Jakarta with 112 Projects/20,300 Rooms, Tokyo with 47 Projects/11,908 Rooms and Kuala Lumpur with 45 Projects/10,924 Rooms.

  8. Hotel Business Multi-Hotel Developer Snapshot — May 25, 2017
    View LE’s intelligence on the United States Construction Pipeline and Hotel Multi-Developers featured in Hotel Business.

  9. Forecast for New Supply — May 25, 2017
    In Q117, there were 513 Projects/57,1278 Rooms newly announced into the Hotel Construction Pipeline according to analysts at Lodging Econometrics (LE).

    212 Hotels/24,122 Rooms opened in the U.S. in the first quarter. The majority of these opens, 93 Hotels/10,018 Rooms, were in Suburban locations. Almost half of the opens, 100 Hotels/12,856 Rooms were hotel properties with between 100-200 rooms. 79 of these hotels and 10,544 of the rooms, or 37%, were in a top 25 market.

    For the remainder of the year, LE forecasts another 868 Projects/97,386 rooms to open for a Total of 1,080 Hotels/121,508 Rooms in 2017, a 22% increase over the Total number of openings last year. In 2018, LE forecasts an additional 1,283 Hotels/143,038 Rooms will open in the U.S.

  10. Largest Chain Scale in the Pipeline are Upscale and Upper Midscale — May 23, 2017
    Analysts at Lodging Econometrics (LE) report that the Upper Midscale category is currently at 2,067 Projects/205,662 Rooms, and has the largest project count of any chain scale in the Total Pipeline. The second largest is Upscale, which currently has 1,246 Projects/161,229 Rooms. Together, the Upper Midscale and Upscale Pipelines comprise 66% of all projects in the Total Pipeline.

    The brands with the largest number of projects in the Upper Midscale pipeline are; IHG’s Holiday Inn Express with 412 Projects/38,160 Rooms, Hilton’s Home2 Suites 344 Projects/36,074 Rooms and Marriott’s Fairfield Inn with 285 Projects/27,220 Rooms. In Upscale, the top brands are; Marriott’s Residence Inn with 188 Projects/23,725 Rooms, Marriott’s SpringHill Suites with 147 Projects/17,293 Rooms and Hilton Garden Inn with 135 Projects/17,914 Rooms.

    As would be expected, these two chain scales are forecasted to have the highest guest room growth rates over the next 2 years. The Upper Midscale chain scale is forecasted to grow its guest room Census by 5.3% and Upscale by 5.7% in 2017, and by 6.3% and 5.8% in 2018, respectively.

  11. Top Franchise Companies in the Construction Pipeline — May 18, 2017
    According to the recent Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest pipelines by rooms in Q117 are; Marriott with 163,063 Rooms/1,264 Projects, Hilton with 146,104 Rooms/1,279 Projects and IHG with 82,771 Rooms/795 Projects. These 3 franchise companies comprise 65% of all rooms in the Total Pipeline.

    The largest brand for each of these companies are; Marriott’s Fairfield Inn with 27,220 Rooms/285 Projects, Hilton’s Home2 Suites with 36,074 Rooms/344 Projects and IHG’s Holiday Inn Express with 38,160 Rooms/412 Projects.

    The franchise companies with the most New Project Announcements by rooms into the Pipeline in the first quarter were; Hilton with 18,387 Rooms/162 Projects, Choice with 8,118 Rooms/117 Projects and Marriott with 7,129 rooms/55 Projects. These companies represent 59% of all new rooms announced.

  12. Marriott Has the Largest Construction Pipeline of any Franchise Company — May 17, 2017
    Marriott International currently has the largest and most active pipeline by room-count of any franchise company with 163,063 Rooms/1,264 Projects. Their largest brands in the Pipeline are; Fairfield Inn with 27,220 Rooms/285 Projects, Residence Inn with 23,725 Rooms/188 Projects and TownePlace Suites with 18,450 Rooms/180 Projects.

    Marriott also has the most rooms currently Under Construction with 65,924 Rooms/487 Projects, which represents over 1/3 of all Pipeline rooms Under Construction. Additionally, they have the most rooms Scheduled to Start Construction in the Next 12 Months with 78,404 Rooms/637 Projects. And in Early Planning, Marriott has 17,117 Rooms/140 Projects.

    In the first quarter, Marriott opened 64 new hotels with 7,187 rooms, just under 30% of all new rooms opened in Q117. The brands with the largest number of new hotels opened are Fairfield Inn with 1,499 Rooms/16 Hotels and Courtyard with 1,411 Rooms/13 Hotels.

  13. Markets with the Largest Construction Pipeline — May 16, 2017
    Analysts at Lodging Econometrics (LE) report that the five markets with the largest hotel construction pipelines by project count are: New York with 185 Projects/29,447 Rooms; Houston with 158 Projects/17,475 Rooms; Dallas with 141 Projects/17,869 Rooms; Nashville with 124 Projects/15,614 Rooms; and Los Angeles with 111 Projects/17,701 Rooms.

    New York has the most New Hotel Openings forecasted for 2017 of any market with 47 Hotels/7,534 Rooms.Then Dallas, which is forecasted to open 44 Hotels/5,050 Rooms, Houston with 33 Hotels/3,505 Rooms, Austin with 21 Hotels/2,321 Rooms and Los Angeles with 20 Hotels/4,202 Rooms.

    The markets with the most New Project Announcements into the Pipeline in the first quarter were: Dallas with 18 Projects/2,282 Rooms, New York with 16 Projects/2,510 Rooms, Orlando with 14 Projects/1,837 Rooms, Tampa with 13 Projects/1,313 Rooms and Kansas City with 11 Projects/1,288 Rooms.

  14. LE Announces Business Development Director of the Year Award— May 15, 2017
    J.P. Ford, ISHC, Senior Vice President of Lodging Econometrics (LE) is pleased to announce that Tom O’Gorman has received the Business Development Director of the Year Award for the company. The Award recognizes an individual with strong sales results and who has also demonstrated the highest levels of customer service, client satisfaction and has made exceptional contributions to LE sales initiatives over the past 12 months.

    “Tom was the largest generator of global revenue last year. He goes the extra mile to understand our customer’s needs and wants and has consistently designed customized Real Estate Intelligence Programs that help those clients reach their sales growth goals and market penetration objectives in the lodging industry,” said J.P. Ford.

    Tom brings a wealth of expertise to LE and the clients he serves. As Vice President of Business Development, Tom helps Vendors to the lodging industry identify new construction and product replacement opportunities that accelerate their sales growth goals. He also assists Ownership & Management Groups locate third-party asset management opportunities and pinpoint potential acquisition opportunities that expand their portfolios. Further, he has been able to assist private equity firms and REITS to better understand pipeline growth and how new supply plays a significant role in their asset and market analysis.

    He delivers those growth opportunities to his clients through a customized Real Estate Intelligence Program that he designs according to the client’s specifications. The programs include a continuously updated Online Sortable Database containing comprehensive hotel records with complete decision-maker contact information and a Suite of Management Guidance and Real Estate Trend Reports for strategic planning.

    “Tom has worked at LE for over five years in a variety of sales assignments. We are pleased to present the award to Tom for his stellar contributions within the last year. We look forward to his continued success with our company and the clients we serve,” said Ford.

  15. Hotel Construction Pipeline Continues Moderate Growth — May 10, 2017
    Lodging Econometrics (LE) reports that the Q117 United States Construction Pipeline currently stands at 5,032 Projects/602,034 Rooms, up 13% by projects Year-Over-Year (YOY). There are 1,511 Projects/197,450 Rooms Under Construction, up by 155 projects YOY or 11%. Projects Scheduled to Start in the Next 12 Months, at 2,414 Projects/272,487 Rooms, were up 367 projects, 18%. Projects in Early Planning at 1,107 Projects/132,097 Rooms were up by 39 projects or 4%.

    This is the 21st consecutive quarter of growth, but the Pipeline is still a distant 851 Projects/183,513 Rooms away from the Q208 peak of 5,883 Projects/785,547 Rooms. This moderate Pipeline growth can be attributed to the tightening of loan availability, the recent rise of interest rates with the expectation of more increases on the horizon and a slowing economy near full employment.

  16. Global Pipeline Shows Steady Increase — March 28, 2017
    The Lodging Econometrics (LE) Global Construction Pipeline Trend Report stated that the Total Pipeline ended 2016 with 11,776 Projects/1,962,676 Rooms, up 6% by projects Year-Over-Year (YOY). There were 5,504 Projects/1,012,987 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,675 Projects/516,709 Rooms, were up a strong 21% while projects in Early Planning at 2,597 Projects/432,980 Rooms were down 7% by projects.

    The leading franchise companies in the Global Construction Pipeline by project-count are: Marriott International with 2,190 Projects/368,077 Rooms, Hilton Worldwide with 1,841 Projects/283,326 Rooms, InterContinental Hotels Group (IHG) with 1,351 Projects/209,208 Rooms and Choice Hotels with 488 Projects/42,933 Rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 342 Projects/35,703 Rooms, Hilton’s Hampton Inn with 489 Projects/57,222 Rooms, IHG’s Holiday Inn Express with 602 Projects/73,282 Rooms, and Choice’s Comfort Inn with 117 Projects/11,239 Rooms.

    The top countries by room-count are the United States with 598,688 Rooms/4,960 Projects and China with 525,640 Rooms/2,340 Projects. The U.S. accounts for 30% of the rooms in the Global Pipeline while China accounts for 27%, resulting in 57% of the Global Pipeline being concentrated in just two countries.

    The cities with the largest pipeline room counts are: Dubai with 32,899 Rooms/117 Projects, New York with 30,541 Rooms/192 Projects, Seoul with 30,456 Rooms/154 Projects, Shanghai with 23,252 Rooms/125 Projects and Sanya with 22,629 Rooms/60 Projects.

Ask the Experts

LE’s Lodging Real Estate and Market Intelligence Experts are happy to offer insights and support to journalists and media specialists reporting on the lodging real estate, lender and vendor industries. For media inquiries or specific information requests, please contact:

Rebecca Evans
Director of Marketing Communications

+1 603.427.9547
revans@lodgingeconometrics.com