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.
Dallas Has the Second Largest Hotel Construction Pipeline in the United States August 14, 2018In the most recent Lodging Econometrics (LE) Hotel Construction Pipeline Trend report for the U.S., LE states that Dallas has a total of 156 projects/18,908 rooms in the construction pipeline, second only to New York with 169 projects/29,365 rooms. 47 projects/6,350 rooms are presently under construction, projects scheduled to start construction in the next 12 months are at 73 projects/8,606 rooms, and those in early planning are at 36 projects/ 3,952 rooms. If all of the projects in the pipeline eventually come to fruition, this will increase the city’s guest room supply by 21.3%.
Dallas should continue its fast-paced growth. For the first half of the year, it led all markets for the most new hotel projects announced into the pipeline, with 27 projects/3,195 rooms.
Of the nine market tracts in Dallas, the three with the largest hotel construction pipelines are: Denton/Lewisville/McKinney with 41 projects/4,860 rooms; the Southern and Eastern portions of Dallas with 28 projects/2,352 rooms; and East Plano/Richardson with 20 projects/2,044 rooms. These three important market tracts combined account for 57% of Dallas’s total construction pipeline.
The market tracts with the most projects presently under construction are Denton/Lewisville/McKinney with 10 projects/1,219 rooms; and with 8 projects each: West Plano/Frisco with 1,226 rooms and South and East Dallas with 651 rooms.
LE’s forecast for new hotel openings predicts the Dallas market will rank second in the nation for new hotel openings in 2018 with 33 projects/3,813 rooms. In 2019, Dallas will be third with a forecast for new hotel openings of 30 projects/3,224 rooms.
Transaction activity, where sales data has been released into the public domain, has been relatively light in 2018. There have been only 19 hotels sold in the first half of the year: 8 hotels sold to private equity groups, 6 to real estate investment trusts, 3 to individual ownership and management groups and 2 to a private hotel companies. The largest hotel transaction was the sale of a portfolio of five Extended Stay hotels, which sold for an average selling price of $4,959,402 to the private equity group, Three Wall Capital, LLC of Brooklyn, NY.
New York City has the Largest Hotel Construction Pipeline in the United States August 8, 2018In the most recent Lodging Econometrics (LE) Construction Pipeline Trend report on New York City, LE states that New York City has a total of 169 projects/29,365 rooms in the construction pipeline, the largest pipeline of any market in the U.S. Of this total, hotels presently under construction are at 101 projects/17,108 rooms, projects scheduled to start construction in the next 12 months are at 43 projects/6,384 rooms, and those in early planning are at 25 projects/ 5,873 rooms. If all of the projects in the pipeline eventually come to fruition, this will increase the City’s guest room supply by 25.2%.
New York should continue its fast-paced growth. For the first half of the year, it has ranked third nationally for the number of new hotel projects announced into the pipeline, with 24 projects/3,796 rooms.
The three market tracts with the largest hotel construction pipelines are: Midtown South, the area between 24th and 36th Streets, with 36 projects/8,251 rooms; the greater New York City Area, which includes Brooklyn, the Bronx, and Staten Island, with 33 projects/2,956 rooms; and La Guardia/Queens North, which includes the area by the airport down to the Grand Central Parkway, with 27 projects/5,325 rooms. These three important market tracts combined account for 57% of New York City’s total construction pipeline.
The market tracts with the most projects presently under construction are Midtown South with 24 projects/5,696; the greater New York City Area with 16 projects/1,360 rooms; and JFK/Jamaica, which includes the area of Queens from the Grand Central Parkway south, the JFK Airport area and Jamaica, with 14 projects/1,930 rooms.
LE’s forecast for new hotel openings predicts that New York City will lead the nation for new hotel openings in 2018 with 45 projects/7,762 rooms. In 2019, New York is again forecast to top the list of new hotel openings with 52 projects/7,356.
Transaction activity, where sales data has been released into the public domain, has been relatively light in 2018. There have been only 8 hotels sold in the first half of the year: 3 hotels sold to private equity groups, 3 to private hotel companies, 1 to Hilton Grand Vacations, and 1 to an individual ownership and management group. The largest hotel sale was the W New York on Lexington Ave with 697 rooms, sold to Capstone Equities for a selling price of $189,925,375 which is a price per room of $272,490. Capstone Equities has since converted the hotel to a Tribute Hotel by Marriott International and has changed the name to Maxwell New York City.
Canada Maintains Moderate Hotel Development Growth Year-Over-Year August 7, 2018In the second quarter, analysts at Lodging Econometrics (LE) report that the total construction pipeline in Canada stands at 240 projects/29,780 rooms, up 28 projects or 13% year-over-year (YOY). However, the pipeline will likely soon be topping out for this economic cycle having risen within 10% of record levels of 268 projects/33,838 rooms last seen in 2007.
Projects presently under construction are at 82 projects/10,352 rooms, up 17% by projects YOY of which 13 projects/1,448 rooms began construction in the first half of 2018. Projects scheduled to start construction in the next 12 months are at 90 projects/10,363 rooms, a minimal -1% decline in projects. Early planning has the most substantial shift in projects YOY, showing a 33% increase with 68 total projects/9,065 rooms recorded. This increase in early planning is typical late cycle activity where developers are anxious to move from the drawing board into the permitting phase prior to any economic slowdown.
In the first half of 2018, Canada had 28 new hotel openings which is almost as many as the whole of 2017, which saw 31 hotels open. LE’s forecast for new hotel openings predicts another 18 new hotel openings in the second half of 2018. 2019 is forecast to see 55 projects/6,870 rooms open and 2020 will have 62 projects/6,528 rooms open which, is likely to be the highest level of new hotel openings in this economic cycle.
Top hotel companies in Canada’s construction pipeline are Marriott International leading with 48 projects/6,661 rooms, followed by Hilton Worldwide with 42 projects/5,077 rooms, and InterContinental Hotels Group (IHG) with 42 projects/4,233 rooms. These three companies make up 55% of the total pipeline. The largest brands in the pipeline for each of these companies are Marriott’s TownePlace Suites with 10 projects/991 rooms, Hilton’s Hampton Inn & Suites by Hilton with 12 projects/1,405 rooms, and IHG’s Holiday Inn Express, with 27 projects/2,764 rooms, which is also the largest brand total in the pipeline.
Markets with the most projects in the total construction pipeline are Toronto with 40 projects/5,685 rooms, Calgary with 13 projects/2,120 rooms, and Edmonton with 13 projects/1,950 rooms.
The 2018 forecast for new hotel openings has Ottawa leading with 5 projects/615 rooms opening. In 2019 and 2020, Toronto is forecast to top the list with 7 projects/806 rooms and 6 projects/666 rooms opening respectfully.
Top Franchise Companies and Brands in the U.S. Construction Pipeline August 3, 2018In the second quarter of 2018, analysts at Lodging Econometrics (LE) report that the top franchise companies with the largest construction pipelines are: Marriott International with 1,351 projects/177,743 rooms, Hilton Worldwide with 1,327 projects/147,728 rooms, and InterContinental Hotels Group (IHG) with 932 projects/95,018 rooms. Development projects in these three franchise companies comprise 66% of total construction pipeline rooms.
The largest brands for each of these companies are Marriott’s Fairfield Inn with 284 projects/27,584 rooms, Hilton’s Home2 Suites by Hilton with 384 projects/40,240 rooms and IHG’s Holiday Inn Express with 430 projects/40,162 rooms. These three brands alone make up 17% of the total construction pipeline rooms.
Other high volume brands in the pipeline for each of these franchises are: Marriott’s TownePlace Suites with 201 projects/20,737 rooms and Residence Inn with 190 projects/23,443 rooms; Hilton’s Hampton Inn and Suites with 302 projects/30,700 rooms and Tru by Hilton with 298 projects/28,776 rooms; and IHG’s Staybridge Suites with 143 projects/15,206 rooms and Avid Hotel with 121 projects/11,187 rooms.
Timothy Ford Appointed President of Lodging Econometrics and New England Hotel Realty August 2, 2018Portsmouth, NH – Patrick Ford, Chairman of Lodging Econometrics (LE), the global leader for hotel real estate intelligence, and New England Hotel Realty (NEHR), the leading full-service hotel real estate advisory brokerage firm in the Northeast, announced today that Timothy Ford has been appointed President of both companies.
“Timothy is a proven leader who most recently served as Executive Vice President, where he was responsible for the company’s technology initiatives, the growth of our client services, overseeing the sales and marketing departments and most notably for taking LE’s trusted U.S. Business Development Programs and expanding them into every region and country worldwide. Incorporating the latest cutting-edge technology, he has also re-designed LE’s online business development program delivery systems, including our global database of hotel development records and portfolio of lodging real estate trend and management guidance reports for client sales teams,” said Ford.
In his new role as President, Timothy will be responsible for creating new business partnerships; continuing to incorporate the latest online technology into our research and deliverables; creating additional business development programs for our roster of franchise clients looking to accelerate their brand growth, hotel ownership and management groups seeking to expand their real estate portfolios, and lodging vendors wanting to increase their sales to the industry.
Ford continued, “it’s a terrific time for the lodging industry and an opportunistic time for our company. Timothy offers the right mix of outstanding vision and proven execution to continue moving our companies forward.”
“I am humbled and honored to be appointed as President, to provide the leadership for our strategic growth, and to continue to serve our clients with unmatched hotel real estate intelligence,” said Timothy Ford. “I look forward to working closely with the board and the LE and NEHR teams to further our vision for the years ahead.”
Leading Markets in the U.S. Construction Pipeline August 2, 2018According to the second quarter construction pipeline trend report by Lodging Econometrics (LE), the top five markets with the largest hotel construction pipelines are: New York City with 169 projects/29,365 rooms; Dallas with 156 projects/18, 908 rooms; Houston with 150 projects/16,321 rooms; Nashville with 123 projects/16,392 rooms; and Los Angeles with 121 projects/18,037 rooms.
The five top markets with the most projects currently under construction are New York City with 101 projects/17,108 rooms, Dallas with 47 projects/6,350 rooms, Nashville with 43 projects/7,005 rooms, Houston with 40 projects/4,738 rooms, and Atlanta with 28 projects/3,387 rooms.
In the second quarter, Nashville had the largest number of new projects announced into the pipeline with 13 projects/1,351 rooms, followed by Los Angeles with 12 projects/1,845 rooms, New York City with 11 projects/1,075 rooms, Houston with 11 projects/909 rooms, and Dallas with 10 projects/1,229 rooms. If all of the projects in their pipelines come to fruition, these leading markets will increase their current room supply by: Nashville 38.2%, Austin 29.3%, Fort Worth 28.5%, San Jose 25.3%, and New York City 25.2%.
Hotels forecast to open in 2018 are led by New York City with 45 projects/7,762 rooms, followed by Dallas with 33 projects/ 3,813 rooms, and then Houston with 27 projects/3,114 rooms. In 2019, New York is forecast to again top the list of new hotel openings with 52 projects/7,356 rooms while, at this time, Dallas is anticipated to take the lead in 2020 with 40 projects/4,943 rooms expected to open.
U.S. Construction Pipeline Continues Moderate Growth Year-Over-Year August 1, 2018At the end of the second quarter, analysts at Lodging Econometrics (LE) report that the total U.S. construction pipeline stands at 5,312 projects/634,501 rooms, up 7% from 2017’s 4,973 projects/598,371 rooms. The pipeline has been growing moderately and incrementally each quarter and should continue its upward growth trend as long as the economy remains strong. Pipeline totals are still significantly below the all-time high of 5,883 projects/785,547 rooms reached in 2008.
Projects scheduled to start construction in the next 12 months have seen minimal change year-over-year (YOY) with 2,291 projects/266,878 rooms. Projects currently under construction are at 1,594 projects/208,509 rooms, the highest recorded since 2007. This also marks the fourth consecutive quarter that the number of rooms under construction has been over 200,000 units.
Early planning with 1,427 projects/159,114 rooms, saw a 25% increase in projects and 18% increase in rooms YOY. This increase in early planning is typical late cycle activity where developers are anxious to move from the drawing board into the permitting phase prior to any economic slowdown. Many are larger projects that wait for peak operating performance in their markets before seeking financing.
Both the increase in projects under construction and those in the early planning stage are reflective of the urgency developers currently have before the economy softens and/or interest rates further accelerate.
Lodging Econometrics’ Patrick H. Ford to receive Lifetime Achievement Award at 24th Annual The Lodging Conference in Phoenix this September July 11, 2018Harry Javer, Producer and Founder of The Lodging Conference, one of the industry’s leading events for Hotel Owners, CEO’s and Deal Makers, announced today that Patrick H. Ford, Chairman, CEO, and Founder of Lodging Econometrics (LE) and New England Hotel Realty (NEHR), has been selected as the recipient of the 2018 Lifetime Achievement Award. The award will be presented at The Lodging Conference on September 25, 2018.
The prestigious Lifetime Achievement Award recognizes an individual who has provided outstanding, life-long contributions to the hospitality industry. Past recipients include Minaz Abji, Executive Vice President, Host Hotels & Resorts; Jack DeBoer, Chairman, Value Place; John Q. Hammons, Founder, Chairman and Chief Executive Officer, John Q. Hammons Hotels & Resorts; Michael Leven, President and COO, Las Vegas Sands Corp.; Joe McInerney, President & CEO, McInerney Hospitality International; Leland C. Pillsbury, Co-Chairman & CEO, Thayer Lodging Group; Hasmukh (H.P.) Rama, CEO & Chairman of the Board, JHM Hotels; Randy Smith, Chairman and Founder, STR; Jonathan M. Tisch, Co-Chairman of the Board and a member of the Office of the President of Loews Corporation, and Chairman and CEO of its subsidiary, Loews Hotels & Co.
In a career spanning more than 50 years, Pat Ford began his career with the Dunfey Hotel Company, the predecessor to the Omni Hotel Company, where he spent 20 years in a variety of operational and executive roles. In 1995, at the start of the lodging franchise boom, and at the urging of a number of hotel companies and Wall Street Investment Firms, he founded Lodging Econometrics (LE) to compile lodging development and transaction data for the U.S. Within two years, LE replicated their development research programs in every country of the world. Shortly thereafter, LE positioned away from solely being a data provider towards being a lodging sales and marketing specialty firm as well, providing a variety of customized new hotel construction and supply side databases, and trend line and forecast reports that assist development teams in growing their business within the lodging industry.
In 2017, Lodging Econometrics was honored by the Peter Paul School of Business at the University of New Hampshire as the most outstanding family business in New Hampshire. Today, Lodging Econometrics is ably led by Ford’s sons, Timothy, JP and Bruce and has also provided employment opportunities for a number of third generation family members.
“I’m delighted to be selected for the prestigious 2018 Lifetime Achievement Award and to be counted amongst the prominent roster of former award winners. It has been a pleasure to spend my over 50 year career as part of the lodging industry and in particular to have played a part in the unprecedented global expansion of the industry over the last 25 years. It’s been an exciting time,” said Pat Ford.
“We are thrilled to have Pat Ford as this year’s recipient of The Lifetime Achievement Award,” said Harry Javer, Producer and Founder of The Lodging Conference. “This distinction is all about visionary leadership and there is no one who has provided more insight into the hospitality industry than Pat. Lodging Econometrics is the go-to industry source for franchise companies, ownership and management groups and lodging vendors who rely on timely intelligence on new construction, renovation and conversion opportunities and for transaction trends in every region, country and market worldwide. Pat is the embodiment of outstanding achievement.”
Top World Regions and Markets in the Global Hotel Construction Pipeline June 20, 2018Lodging Econometrics (LE) has released its global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, where currently the regions by project count are: The Americas with 6,268 projects/800,298 rooms, Asia Pacific with 4,205 projects/907,867 rooms and EMEA with 2,241 projects/430,837 rooms.
The top countries by project count are the United States with 5,255 projects/636,274 rooms and China with 2,481 projects/546,424 rooms. The U.S. accounts for 41% of the projects in the global pipeline while China accounts for 20%, resulting in 61% of the global pipeline being concentrated in just these two countries. A far distance off from these two countries are Indonesia with 394 projects/66,154 rooms, Germany with 246 projects/47,927 rooms, and United Kingdom with 246 projects/36,585 rooms.
The cities with the largest pipeline project counts are: New York with 169 projects/29,641 rooms, Dubai with 161 projects/ 46,420 rooms, Dallas with 159 projects/19,149 rooms, Houston with 148 projects/16,158 rooms, and Shanghai 129 projects/25,750 rooms.
7% Year-Over-Year Growth in the Global Construction Pipeline June 19, 2018The Lodging Econometrics (LE) global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, states that the total pipeline stands at 12,714 projects/2,139,002 rooms, up 7% by projects year-over-year (YOY).
There are 5,952 projects/1,115,288 rooms under construction, up 8% by projects YOY. Projects scheduled to start construction in the next 12 months, at 3,988 projects/584,433 rooms, are up 6% while projects in early planning at 2,774 projects/439,281 rooms are up 5% YOY.
The leading 5 franchise companies in the global construction pipeline by project-count are: Marriott International with 2,381 projects/398,238 rooms, Hilton Worldwide with 2,180 projects/322,857 rooms, InterContinental Hotels Group (IHG) with 1,600 projects/234,807 rooms, AccorHotels with 781 projects/140,396 rooms, and Choice Hotels with 629 projects/153,992 rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 357 projects/38,826 rooms, Hilton’s Hampton Inn & Suites with 599 projects/75,642 rooms, IHG’s Holiday Inn Express with 709 projects/86,836 rooms, Accor’s Ibis with 156 projects/22,361 rooms, and Choice’s Comfort Suites with 126 projects/10,983 rooms.
Top Hotel Companies and Brands in China’s Hotel Construction Pipeline June 18, 2018According to Lodging Econometrics (LE), the top hotel companies in China’s construction pipeline by project count are: Hilton Worldwide with 347 projects/80,532 rooms, InterContinental Hotels Group (IHG) with 296 projects/71,191 rooms, Marriott International with 283 projects/79,018 rooms, and AccorHotels with 141 projects/26,756 rooms.
The largest brand in the pipeline for each of the these companies is: Hilton’s Hampton Inn & Suites with 164 projects/25,503 rooms, IHG’s Holiday Inn Express with 131 projects/25,194 rooms, Marriott’s full-service hotel with 63 projects/19,361 rooms, and Accor’s Ibis with 47 projects/5,041 rooms.
Construction Pipeline Growth in China and its Major Cities Shows Marginal Growth Year-Over-Year June 15, 2018Analysts at Lodging Econometrics (LE) report that according to the recent China construction pipeline, the total pipeline has 2,481 projects/546,424 rooms, up 2% year-over-year (YOY).
There are 1,725 projects/368,927 rooms under construction, up less than 1% by projects YOY. Projects scheduled to start construction in the next 12 Months are at 410 projects/86,995 rooms, up 27% by project YOY, while projects in early planning at 346 projects/90,502 rooms are down 13%.
Cities in China with the largest pipelines are: Shanghai with 129 projects/25,750 rooms, Guangzhou with 106 projects/25,481 rooms, Chengdu with 89 projects/19,723 rooms, Hangzhou with 77 projects/17,255 rooms, Suzhou with 75 projects/14,713 rooms and Beijing with 68 projects/11,551 rooms.
Asia Pacific’s Top Global and Regional Companies and Brands for Hotel Construction Excluding China June 14, 2018According to the most recent Asia Pacific Construction Pipeline Trend Report from Lodging Econometrics, the top global hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marriott International with 204 Projects/48,003 Rooms, AccorHotels with 215 Projects/45,086 Rooms, InterContinental Hotels Group (IHG) with 122 Projects/28,186 Rooms, Hilton Worldwide with 82 Projects/17,750, and Best Western with 34 Projects/6,146 Rooms.
The largest brand in the Pipeline for each of these companies is: Marriott’s Sheraton Hotel with 29 Projects/7,069 Rooms, Accor’s Ibis Styles with 45 Projects/8,928 Rooms, IHG’s Holiday Inn with 50 Projects/12,300 Rooms, Hilton’s DoubleTree with 29 Projects/6,003 Rooms and the Best Western brand with 15 Projects/1,888 Rooms.
Asia Pacific’s Top Countries and Cities for Hotel Construction Excluding China June 13, 2018According to analysts at Lodging Econometrics (LE), the top countries in the Asia Pacific Construction Pipeline, excluding China, by project count are: Indonesia with 394 Projects/66,154 Rooms, Japan with 228 Projects/46,356 Rooms, India with 206 Projects/33,501 Rooms, Malaysia with 137 Projects/36,244 Rooms and Thailand with 134 Projects/31,964 Rooms.
Cities with the largest pipelines by project count are: Jakarta, Indonesia with 101 Projects/19,010 Rooms; Seoul, South Korea with 80 Projects/15,738 Rooms; Tokyo, Japan with 73 Projects/16,885 Rooms; Kuala Lumpur, Malaysia with 58 Projects/14,834 Rooms and Bangkok, Thailand with 52 Projects/11,805 Rooms.
The Asia Pacific Hotel Construction Pipeline Excluding China Continues Double Digit Increases Year-Over-Year June 12, 2018The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,673 Projects/349,081 Rooms, up 12% by projects and 17% by rooms Year-Over-Year (YOY).
There are 959 Projects/208,153 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 368 Projects/72,819 Rooms, up 26%, while projects in Early Planning at 346 Projects/68,109 Rooms, are down 14% by projects YOY.
Top Countries & Cities in the Middle East and Africa Hotel Construction Pipelines June 11, 2018According to analysts at Lodging Econometrics (LE), the top countries in the Middle East Construction Pipeline are: Saudi Arabia with 209 Projects/72,680 Rooms, United Arab Emirates with 208 Projects/58,930 Rooms and Qatar with 58 Projects/13,667 Rooms. Cities in the Middle East with the largest pipelines are: Dubai, UAE with 161 Projects/46,420 Rooms, Provincial, Saudi Arabia with 60 Projects/10,859 Rooms and Riyadh, Saudi Arabia with 58 Projects/10,885 Rooms.
The top countries in the Africa Construction Pipeline are: Nigeria with 38 Projects/6,561 Rooms, Ethiopia with 30 Projects/5,319 Rooms and Morocco with 29 Projects/4,315 Rooms. Cities in Africa with the largest pipelines are: Addis Ababa, Ethiopia with 24 Projects/4,347 Rooms, Nairobi, Kenya with 17 Projects/2,641 Rooms and Lagos, Nigeria with 16 Projects/2,604 Rooms.
The Top Hotel Companies and Brands in the Middle East & Africa Construction Pipeline June 8, 2018According to the recent Hotel Construction Pipeline Trend Reports for Africa and the Middle East, the top hotel company construction pipelines in the Middle East and Africa are: Marriott International with 154 Projects/33,386 Rooms, Hilton Worldwide with 130 Projects/32,725 Rooms, AccorHotels with 103 Projects/25,430 Rooms, Radisson Hotel Group with 44 Projects/11,184 Rooms and InterContinental Hotels Group (IHG) with 31 Projects/7,445 Rooms.
The largest brand in the Pipeline for each of the these companies are: Marriott’s Courtyard with 23 Projects/5,033 Rooms, Hilton’s full-service hotel with 46 Projects/14,273 Rooms, Accor’s Novotel with 21 Projects/4,940 Rooms, Radisson’s Blu with 26 Projects/6,157 Rooms, and IHG’s InterContinental with 10 Projects/2,498 Rooms.
The Middle East and Africa Hotel Construction Pipelines Continue to Grow June 7, 2018Analysts at Lodging Econometrics (LE) report that the Construction Pipelines for the Middle East and Africa continue to grow resulting in 875 Projects/216,045 Rooms combined, according to LE’s recent Trend Report.
The Total Middle East Pipeline has 594 Projects/170,490 Rooms and is up 23% by rooms Year-Over-Year (YOY). This is the 16th consecutive quarter of pipeline growth seen by the Middle East. In the Middle East, there are 358 Projects/113,830 Rooms Under Construction, up 13% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 127 Projects/31,752 Rooms, up 9%, while projects in Early Planning stand at 109 Projects/24,908 Rooms are up 31%.
The Total Africa Pipeline has 281 Projects/45,555 Rooms and is up 21% by projects YOY. In Africa, there are 127 Projects/21,233 Rooms Under Construction, up only 1% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 79 Projects/11,954 Rooms, up a whopping 65%, while projects in Early Planning stand at 75 Projects/12,368 Rooms are up 29%.
Europe’s Top Global and Regional Hotel Companies and Brands June 6, 2018According to a recent Hotel Construction Pipeline Trend Report for Europe, analysts at Lodging Econometrics (LE) report that the top global hotel companies in Europe’s Construction Pipeline are: AccorHotels with 209 Projects/26,936 Rooms, Marriott International with 187 Projects/31,855 Rooms, Hilton Worldwide with 170 Projects/26,870 Rooms and InterContinental Hotels Group (IHG) with 133 Projects/22,590 Rooms. The largest brands in the Pipeline for each of the these companies are: Accor’s Ibis Styles with 50 Projects/6,498 Rooms, Marriott’s Moxy with 56 Projects/10,302 Rooms, Hilton’s Hampton Inn with 73 Projects/11,080 Rooms and IHG’s Holiday Inn Express with 61 Projects/9,395 Rooms.
The top regional hotel developers in Europe’s Construction Pipeline are: Novum Group Hotels with 30 Projects/5,714 Rooms, Whitbread Group with 20 Projects/3,169 Rooms, Deutsche Hospitality with 18 Projects/3,718 Rooms and NH Hotel Group with 16 Projects/3,385 Rooms.
Germany Leads Europe’s Hotel Construction Pipeline; London Ranked As Top City June 5, 2018According to analysts at Lodging Econometrics (LE), the top countries in the Europe Construction Pipeline by project count are: Germany with 246 Projects/47,927 Rooms, United Kingdom with 246 Projects/36,585 Rooms, and France with 121 Projects/13,618 Rooms. Next, all with 80 projects, is Russia with 80 Projects/15,520 Rooms, Poland with 80 Projects/12,468 Rooms, and Portugal with 80 Projects/8,310 Rooms. These three countries are followed closely by Spain with 79 Projects/11,457 Rooms and Turkey with 70 Projects/11,278 Rooms.
Cities in Europe with the largest pipelines by room count are: London with 78 Projects/13,601 Rooms, Dusseldorf with 39 Projects/8,461 Rooms, Frankfurt with 29 Projects/6,174 Rooms, Hamburg with 27 Projects/5,934 Rooms, Warsaw with 30 Projects/5,916 Rooms, Munich with 26 Projects/5,664 Rooms, Moscow with 25 Projects/5,628 Rooms, and Istanbul with 30 Projects/5,368 Rooms.
Europe’s Hotel Construction Pipeline Is Healthy and Continues To Rise June 4, 2018According to a recent Hotel Construction Pipeline Trend Report for Europe, analysts at Lodging Econometrics state that the Total Pipeline is climbing steadily with 1,366 Projects/214,792 Rooms, a 29% increase by projects Year-Over-Year (YOY). The pipeline in Europe has nearly doubled since the cyclical low of 687 Projects/116,272, recorded in Q3 of 2010.
There are 715 Projects/115,869 Rooms Under Construction, up 36% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 391 Projects/61,928 Rooms, up 35%, while projects in Early Planning are at 260 Projects/36,995 Rooms are up by 7%.
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