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. Top Regions and Markets in the Global Hotel Construction Pipeline March 5, 2018
    Lodging 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 top regions by project count are: North America with 6,226 Projects/797,949 Rooms, Asia Pacific with 4,231 Projects/911,454 Rooms and EMEA with 2,174 Projects/418,391 Rooms.

    The top countries by project count are the United States with 5,151 Projects/623,695 Rooms and China with 2,519 Projects/560,664 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 two countries.

    The cities with the largest pipeline project count are: New York with 180 Projects/30,699 Rooms, Dallas with 149 Projects/17,860 Rooms, Houston with 146 Projects/15,714 Rooms, Dubai with 143 Projects/40,631 Rooms and Shanghai 132 Projects/25,367 Rooms.

  2. 7% Year-Over-Year Growth in the Global Construction Pipeline March 2, 2018
    The 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 Global Pipeline stands at 12,631 Projects/2,127,794 Rooms, up 7% by projects Year-Over-Year (YOY).

    There are 5,847 Projects/1,101,707 Rooms Under Construction, up 6% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,744 Projects/548,876 Rooms, are up 2% while projects in Early Planning at 3,040 Projects/477,211 Rooms are up 17% YOY.

    The leading franchise companies in the Global Construction Pipeline by project count are: Marriott International with 2,405 Projects/400,822 Rooms, Hilton Worldwide with 2,108 Projects/315,603 Rooms, InterContinental Hotels Group (IHG) with 1,491 Projects/224,239 Rooms and AccorHotels with 809 Projects/151,416 Rooms. The leading brands for each of these companies are: Marriott’s Fairfield Inn with 364 Projects/38,986 Rooms, Hilton’s Hampton Inn & Suites with 570 Projects/71,795 Rooms, IHG’s Holiday Inn Express with 710 Projects/87,150 Rooms and Accor’s Ibis with 156 Projects/23,863 Rooms.

  3. Construction Pipeline Growth in China Continues to be Steady February 28, 2018
    Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline Trend Report, the Total Pipeline has 2,471 Projects/548,628 Rooms, up 6% by project Year-Over-Year (YOY).

    There are 1,743 Projects/374,156 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 365 Projects/80,216 Rooms, up 28% by project YOY, while projects in Early Planning at 363 Projects/94,256 Rooms are down 5%.

    The top hotel companies in China’s Construction Pipeline are: Hilton Worldwide with 327 Projects/77,270 Rooms, InterContinental Hotels Group (IHG) with 281 Projects/69,893 Rooms and Marriott International with 268 Projects/75,472 Rooms. The largest brand in the Pipeline for each of the these companies are: Hilton’s Hampton Inn & Suites with 145 Projects/22,412 Rooms, IHG’s Holiday Inn Express with 124 Projects/24,285 Rooms and Marriott’s full-service hotel with 60 Projects/18,671 Rooms.

    Cities in China with the largest pipelines are: Shanghai with 132 Projects/25,367 Rooms, Guangzhou with 106 Projects/25,015 Rooms, Chengdu with 93 Projects/20,788 Rooms, Hangzhou with 79 Projects/17,996 Rooms, Suzhou with 75 Projects/14,360 Rooms and Beijing with 72 Projects/13,009 Rooms.

  4. The Asia Pacific Pipeline Excluding China is Booming February 27, 2018
    The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,760 Projects/362,826 Rooms, up 13% by projects Year-Over-Year (YOY) and establishing a new record peak for this cycle according to analysts at Lodging Econometrics (LE).

    There are 971 Projects/211,827 Rooms Under Construction, up 15% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 393 Projects/78,881 Rooms, up 21%, while projects in Early Planning at 396 Projects/72,118 Rooms, up 3% YOY.

    The top three countries in the Asia Pacific Construction Pipeline, excluding China, are: Indonesia with 440 Projects/73,892 Rooms, India with 213 Projects/33,649 Rooms and Japan with 201 Projects/42,350 Rooms. Cities with the largest pipelines are: Jakarta with 112 Projects/21,044 Rooms, Seoul with 95 Projects/17,657 Rooms, and Tokyo with 61 Projects/14,485 Rooms.

    The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marriott International with 230 Projects/54,568 Rooms, AccorHotels with 223 Projects/46,288 Rooms, and InterContinental Hotels Group (IHG) with 120 Projects/27,298 Rooms. The largest brands in the Pipeline for each of the these companies are: Courtyard by Marriott with 32 Projects/6,591 Rooms, Accor’s Ibis Styles with 49 Projects/9,752 Rooms and IHG’s Holiday Inn with 50 Projects/12,289 Rooms.

  5. The Hotel Construction Pipeline in the Middle East is Up Significantly, Year-Over-Year February 26, 2018
    Analysts at Lodging Econometrics (LE) report that the Construction Pipeline for the Middle East is up significantly. The Total Pipeline has 573 Projects/165,938 Rooms, and is up 11% by projects Year-Over-Year (YOY)

    There are 348 Projects/109,027 Rooms Under Construction, up 8% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 108 Projects/28,274 Rooms, up 9%, while projects in Early Planning at 117 Projects/28,637 Rooms are up 24%.

    The top hotel companies in the Middle East’s Construction Pipeline are: Marriott International 96 Projects/22,559 Rooms, Hilton Worldwide with 92 Projects/25,303 Rooms, and AccorHotels with 83 Projects/26,206 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott’s Courtyard with 20 Projects/4,218 Rooms, Hilton’s full-service hotel with 29 Projects/10,345 Rooms and Accor’s Novotel with 14 Projects/3,870 Rooms.

    The top countries in the Middle East Construction Pipeline are: Saudi Arabia with 202 Projects/70,992 Rooms, United Arab Emirates with 191 Projects/54,946 Rooms and Qatar with 60 Projects/14,053 Rooms. Cities in the Middle East with the largest pipelines are: Dubai, UAE with 143 Projects/40,631 Rooms, Doha, Qatar with 56 Projects/12,426 Rooms and Riyadh, Saudi Arabia with 55 Projects/10,623 Rooms.

  6. The Europe Hotel Construction Pipeline is Booming at a 22% Year-Over-Year Growth February 23, 2018
    In line with its surging economic recovery, a recent Hotel Construction Pipeline Trend Report for Europe states that the Total Pipeline is booming with 1,316 Projects/205,650 Rooms, up 22% by projects Year-Over-Year (YOY) according to Lodging Econometrics (LE).

    There are 636 Projects/103,736 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 412 Projects/63,815 Rooms, up 45%, while projects in Early Planning at 268 Projects/38,099 Rooms are up by 2%.

    The top countries in the Europe Construction Pipeline are: United Kingdom with 245 Projects/37,108 Rooms, Germany with 210 Projects/39,330 Rooms, France with 122 Projects/15,318 Rooms and Russia with 87 Projects/16,653 Rooms. Cities in Europe with the largest pipelines are: London with 82 Projects/14,458 Rooms, Paris with 37 Projects/6,747 Rooms, Istanbul with 31 Projects/5,620 Rooms and both with 28 projects, Frankfurt with 6,133 rooms and Munich with 5,358 rooms.

    The top hotel companies in Europe’s Construction Pipeline are: AccorHotels with 215 Projects/27,876 Rooms, Marriott International with 187 Projects/31,977 Rooms, Hilton Worldwide with 177 Projects/27,709 Rooms and InterContinental Hotels Group (IHG) with 141 Projects/24,128 Rooms. The largest brand in the Pipeline for each of the these companies are: Accor’s Ibis Styles with 50 Projects/6,437 Rooms, Marriott’s Moxy with 60 Projects/10,752 Rooms, Hilton’s Hampton Inn & Suites with 69 Projects/10,456 Rooms and IHG’s Holiday Inn Express with 63 Projects/10,028 Rooms.

  7. Latin America’s Construction Pipeline is Stalling February 13, 2018
    The Total Construction Pipeline in Latin America has 831 Projects/142,084 Rooms, down 5% by projects Year-Over-Year (YOY).

    There are 374 Projects/67,130 Rooms Under Construction, down 9% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 208 Projects/31,614 Rooms, up 23%, while those in Early Planning are at 249 Projects/43,340 Rooms, down 16% YOY.

    The top hotel companies in Latin America’s Construction Pipeline by projects are: AccorHotels with 136 Projects/19,729 Rooms, Marriott International with 99 Projects/16,054 Rooms and Hilton Worldwide with 70 Projects/11,076 Rooms. The largest brands in the Pipeline for each of these companies are: Accor’s Ibis with 54 Projects/7,158 Rooms, Hilton Garden Inn with 21 Projects/3,080 Rooms and Courtyard by Marriott with 14 Projects/2,037 Rooms.

    The top countries in the Latin America Construction Pipeline are: Brazil with 274 Projects/45,670 Rooms, Mexico with 186 Projects/32,950 Rooms, and Colombia with 68 Projects/10,600 Rooms. Cities in Latin America with the largest pipelines are: Lima,Peru with 31 Projects/4,988 Rooms, Sao Paulo, Brazil with 26 Projects/4,718 Rooms and Campinas,Brazil with 20 Projects/3,741 Rooms.

  8. Projects in Canada’s Pipeline Up Slightly February 13, 2018
    According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 244 Projects/32,170 Rooms, up 17% by projects Year-Over-Year (YOY).

    There are 87 Projects/11,286 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 91 Projects/10,536 Rooms, up 15%, while those in Early Planning are at 66 Projects/10,348 Rooms, up 18%.

    The top hotel companies in Canada’s Construction Pipeline by projects are: Marriott with 54 Projects/7,764 Rooms, InterContinental Hotels Group (IHG) with 43 Projects/4,436 Rooms, and Hilton with 37 Projects/4,218 Rooms. The largest brands in the Pipeline for each of these companies are: Courtyard by Marriott with 110 Projects/1,597 Rooms, IHG’s Holiday Inn Express with 30 Projects/3,129 Rooms and Hilton’s Hampton Inn & Suites with 12 Projects/1,231 Rooms.

    Cities in Canada with the largest pipelines are: Toronto with 36 Projects/5144 Rooms, Calgary with 14 Projects/2,221 Rooms and Edmonton with 12 Projects/1,825 Rooms.

  9. Mid-Market brands Led Hotel Sales Volume in 2017 February 12, 2018
    According to the recent U.S. Transaction Trend Report from Lodging Econometrics (LE), major mid-market brands with a price reported into the public domain led the U.S. in hotel sales volume in 2017.

    The Hilton brands with most hotel sales by price were Hilton Garden Inn with an Average Selling Price Per Room (ASPR) of $193,732 for 16 hotels, Homewood Suites with an ASPR of $189,342 for 13 hotels and Hampton Inn & Suites with an ASPR of $114,383 for 29 hotels.

    The Marriott brands with the most hotels sold in 2017 were Residence Inn with an ASPR of $152,672 for 31 assets, Courtyard with an ASPR of $146,981 for 45 hotels, and Fairfield Inn with an ASPR of $113,751 for 17 hotels. For IHG, the top selling brands were Holiday Inn with an ASPR of $110,568 for 12 hotels and Holiday Inn Express at an ASPR of $88,121 for 34 hotels

    Including all chain scales and brands in their portfolio, Marriott had the most hotel sales in 2017 with 167 assets sold, followed by Hilton with 89 hotels and IHG with 67.

  10. Markets with the Largest Volume of Hotels Sold Through 2017 February 9, 2018
    According to analysts at Lodging Econometrics (LE), through the end of 2017 the markets with the largest number of hotels with selling prices reported into the public domain were: Orlando with 21 hotels and an Average Selling Price Per Room (ASPR) of $96,402, followed by two markets with 19 hotels sold, New York with an ASPR of $426,443 and Washington DC with $260,681. The next three markets with 15 hotels sold each were: Seattle with an ASPR of $236,958, Phoenix with $205,265 and Atlanta with $136,321.
  11. Hotel Sales Volume Declines, Average Price Per Room Increases Moderately February 8, 2018
    According to analysts at Lodging Econometrics (LE), in 2017 there were 827 hotel transactions where selling prices were reported into the public domain. The Average Selling Price Per Room (ASPR) for the period was a reported $141,479, down from the peak of $154,230 set in 2015, but up 8.6% Year-Over-Year (YOY).

    There was $15.3B in purchases of hotel assets and property transfers in 2017, excluding M&A activity, down substantially from the peak established in 2015 of $26.1B. REITs were the largest net investors for their portfolios with $4.2B in investments, followed by privately held equity funds with a volume of $4.1B.

  12. Extended Stay Hotels Account for 27% of all Projects Under Construction February 2, 2018
    According to recent reports from Lodging Econometrics (LE), 1,370 Projects/143,344 Rooms in the U.S. Construction Pipeline are extended-stay projects. Of these, 424 Projects/46,551 Rooms are Under Construction, accounting for 27% of all projects Under Construction in the Total Pipeline. Additionally, 605 Projects/64,121Rooms are Scheduled to Start Construction in the Next 12 Months while an additional 341 Projects/32,672 Rooms are in Early Planning.

    Home2 Suites by Hilton currently has the largest Extended-Stay Pipeline with 355 Projects/37,188 Rooms. The second largest brand is Marriott’s Towneplace Suites with 208 Projects/21,299 Rooms, followed by its Residence Inn brand with 199 Projects/24,680 Rooms.

    In 2017, 239 extended-stay hotels with 26,586 rooms opened in the U.S. By the end of 2018, 332 Projects/35,167 Rooms are expected to open in the U.S., with another 332 Projects/35,829 Rooms in 2019.

  13. 2.5% Growth Rate of New Hotel Openings in 2018 and 2019 February 1, 2018
    By the end of 2018, the Census of Open & Operating Hotels in the U.S. is expected to grow by 2.5% with 1,145 Projects/130,209 Rooms opening up according to published reports from Lodging Econometrics (LE). Of those expected to open, 514 Projects/50,165 Rooms will be Upper Midscale, the highest count of any chain scale and 45% of all new openings. 556 Projects/59,309 Rooms, almost 50% of new openings, will be suburban locations although the U.S. market with the most anticipated openings is New York with 57 projects/9,534 Rooms.

    In 2019, the Census is expected to grow another 2.5% by opening 1,209 Projects/137,546, about 6% more projects than are anticipated to open in 2018. In 2019, New York is again the top market for New Hotel Openings with 37 Projects/4,601 Rooms. Upper Midscale remains the top chain scale for new openings with 573 Projects/55,660 Rooms and Suburban markets may see 661 Projects/69,715 Rooms open up.

  14. Upper Midscale and Upscale Projects Lead the U.S. Construction Pipeline January 31, 2018
    Analysts at Lodging Econometrics (LE) report that the Upper Midscale category stands at 2,129 Projects/211,724 Rooms, and has the largest project count of all chain scales in the Total U.S. Construction Pipeline. The second largest is the Upscale category which has 1,339 Projects/172,723 Rooms. Together, the Upper Midscale and Upscale Pipelines comprise 67% of all projects in the Total Pipeline.

    The brands with the largest number of projects in Upper Midscale are: IHG’s Holiday Inn Express with 444 Projects/41,343 Rooms; Hilton’s Home2 Suites 355 Projects/37,188 Rooms and Hampton Inn & Suites with 314 Projects/32,386 Rooms, and Marriott’s Fairfield Inn with 303 Projects/29,051 Rooms.

    In Upscale, the top brands are: Marriott’s Residence Inn with 199 Projects/24,680 Rooms, and SpringHill Suites with 174 Projects/19,931 Rooms followed by Courtyard by Marriott with 139 Projects/18,000 Rooms and Hilton Garden Inn with 134 Projects/17,616 Rooms.

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