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.
Top Markets with the Largest Construction Pipelines — February 21, 2017Lodging Econometrics (LE) reports at that at year-end 2016 the five markets with the largest hotel construction pipelines by project count are: New York with 192 Projects/30,541 Rooms; Houston with 169 Projects/18,373 Rooms; Dallas with 140 Projects/17,291 Rooms; Nashville with 121 Projects/14,873 Rooms; and Los Angeles with 111 Projects/18,723 Rooms.
Since the fourth quarter of 2011, New York has continuously had the highest project count of any market in the Pipeline while Houston has had the second largest for the last thirteen quarters.
Future supply growth should be strong in these five markets for the next few years, particularly New York, Houston and Dallas which have been consistently amongst the Top 5 Markets with the largest number of New Project Announcements into the Pipeline.
New Supply Trends— February 17, 2017Lodging Econometrics (LE) reports that in 2016, 842 Hotels/98,990 Rooms opened in the United States, the most since 2009 and up from the 736 Hotels/82,094 Rooms reported in 2015. According to industry wide operating metrics, supply growth was a reported 1.6% in 2016, slightly below demand growth of 1.7%, meaning that demand has exceeded supply growth for the 7th consecutive year.
LE forecasts that New Hotel Openings will jump to 1,111 Hotels/120,372 Rooms in 2017. That should equate to a 2% supply increase in 2017. Unless there is some reversal in declining demand trends, aggregate supply growth in 2017 will exceed demand for the 1st time since 2010.
Moderate Growth Continues in the Hotel Construction Pipeline — February 16, 2017According to the year-end United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the Total Construction Pipeline ended 2016 with 4,960 Projects/598,688 Rooms, up 12% by projects and 10% by rooms Year-Over-Year (YOY). Q4 2016 is the 19th consecutive quarter of pipeline growth, since the cyclical bottom of 2,720 Projects/331,129 Rooms reported in Q1 2012.
At year-end, there were 1,520 Projects/196,409 Rooms Under Construction, up by 208 projects YOY or 16%. Projects Scheduled to Start in the Next 12 Months, at 2,392 Projects/268,843 Rooms, were up 466 projects, 24%. Projects in Early Planning at 1,048 Projects/133,436 Rooms were down by 127 projects or 11% as some projects are rapidly migrating up the Pipeline towards Construction in anticipation of future interest rate increases. Construction Starts in 2016 at 1,166 Projects/142,563 Rooms were at an 8-year high.
New Project Announcements into the Pipeline during 2015-16 were at the highest levels since 2008, while Conversions were at a 10-year high. Reflecting a modestly improving economy, overall pipeline growth has been moderately up-trending since early 2012. Economic indicators suggest that the Pipeline may continue to grow for at least another two years.
LE Launches Two Cutting-Edge Technology Programs for its Clients — January 20, 2017Lodging Econometrics, the lodging industry’s global leader for market intelligence, today announced that it has launched two new cutting-edge technological advances that will be incorporated into its client programs.
“First, LE client programs will be available for viewing on all mobile devices,” said JP Ford, Senior Vice President of Sales. “This permits clients to access every new business opportunity that is available to them with complete decision-maker contact information, anywhere in the world at anytime.”
Ford continued to say, “Secondly, after considerable work and diligent technical ingenuity, LE has developed a state-of-the-art mapping program in support of its Construction Pipeline and Census of Open and Operating Hotels Database for every country in the world. What this means for LE clients is that any sort of Construction Pipeline and/or Census Database Records can be immediately displayed on a detailed map for any country, market or sales territory by brand, chain scale, developer or ownership and management group. It’s a first in the industry and ideal for presenting and visualizing new business opportunities available throughout the world for a particular client.”
These new technological advances are extremely fast and intuitive tools and should help sales managers and their teams greatly as they work to accelerate their growth in this up-trending market.
For 15 years, LE has pioneered the delivery of Hotel Real Estate Market Intelligence for strategic planning purposes and for the identification of potential growth opportunities for franchise development teams, ownership and management companies and for vendors to the lodging industry.
“These two technological advances should benefit our global clients enormously,” said Ford. The world has moved towards the delivery of information on mobile platforms and to the visual display of market research. LE is excited to roll out these advances to the global lodging industry as we continue to work to identify and present new business opportunities to our clients that will help accelerate their growth.
Julie F. Bailey Named to Board of Directors — January 18, 2017Patrick H. Ford, President is pleased to announce the appointment of Julie F. Bailey to the Board of Directors of Lodging Econometrics and its sister company New England Hotel Realty.
“The depth of knowledge and range of professional experience in both the business and non-profit sectors that Julie brings to this position makes her well qualified to play an integral role in the Board’s work,” said Ford. “She’s an accomplished leader. We are confident she will add great value to our Board of Directors. Our companies will greatly benefit from her insight, judgement, and counsel in the continued pursuit of our mission.”
Ms. Bailey currently serves as a Human Resource Specialist for Exeter Health Resources and its three operating affiliates. She is responsible for scheduling, screening and the recruitment of nurses and other clinical staff throughout the organization. Additionally, she collaborates with other human resource specialists to develop strategic programs designed to meet the future staffing needs of the rapidly growing Health Care organization.
In addition to her 30-year career in health care, Ms. Bailey has spent many years in the non-profit sector where she serves as Vice President of the Board of Directors for New Generation, a homeless shelter in Greenland, NH, that empowers pregnant and parenting woman and their infants.
Ms. Bailey is also a member of the Board of Directors for the Roman Catholic Bishop’s Charitable Assistance Fund where she sits on both the Allocation Committee that makes grants to needy non-profits throughout the state and the Nomination Committee that selects the candidates for the Bishop’s prestigious annual Vita et Caritas award honoring “New Hampshire’s Volunteer of the Year.”
She is also a member of the Great Bay Community College Nursing Advisory Board and previously was a member of the Saint Thomas Aquinas Alumni Leadership Council.
Ms. Bailey holds a Master of Science Degree in Management with a concentration in HealthCare Administration from New England College and graduated from Saint Joseph’s College with a Bachelor of Science in Nursing. She has three grown children and resides with her husband Timothy in Hampton, NH.
Global Franchise Companies and Brands — December 23, 2016Analysts at Lodging Econometrics (LE) report that the four leading franchise companies in the Global Hotel Construction Pipeline by project-count are: Marriott International with 2,021 Projects/347,544 Rooms, Hilton Worldwide with 1,733 Projects/267,788 Rooms, InterContinental Hotels Group (IHG) with 1,343 Projects/207,806 Rooms and Choice Hotels with 487 Projects/43,381 Rooms.
The leading brand for each of these top Global franchise companies are: IHG’s Holiday Inn Express with 607 Projects/73,584 Rooms, Hilton’s Hampton Inn with 478 Projects/55,737 Rooms, Marriott’s Fairfield Inn with 299 Projects/31,603 Rooms and Choice’s Comfort Inn with 114 Projects/10,752 Rooms.
Top Development Cities in the Global Pipeline — December 22, 2016According to the Global Hotel Construction Pipeline Trend Report published by Lodging Econometrics (LE), the top Global cities with the largest pipelines by project-count are: New York City with 190 Projects/31,194 Rooms, Houston with 169 Projects/19,885 Rooms, Seoul with 159 Projects/31,233 Rooms, Dallas with 131 Projects/15,819 Rooms, and Nashville with 123 Projects/15,743 Rooms. Jakarta with 20,885 rooms and Dubai with 33,053 rooms both have 118 projects, followed by Shanghai with 109 Projects/22,071 Rooms.
The Global Hotel Construction Pipeline Shows Modest Growth — December 21, 2016The Total Global Pipeline has 11,547 Projects/1,953,784 Rooms, up 6% by projects and 4% by rooms Year-Over-Year (YOY) according to the recent Global Construction Pipeline Trend Report from Lodging Econometrics (LE), who tabulates the Construction Pipeline and Census with complete ownership detail for 196 countries worldwide.
For hotels currently Under Construction, the Global Pipeline has 5,417 Projects/1,008,948 Rooms, both within 1% of last year’s Total. However, there are 3,514 Projects/504,938 Rooms Scheduled to Start Construction in the Next 12 Months, up 22% by projects and 19% by rooms. Projects in Early Planning, 2,616 Projects/439,898 Rooms, are down 1% by projects and 34% by rooms.
Latin America’s Top Hotel Development Cities, Leading Franchise Companies & Brands — December 20, 2016According to Latin America’s Hotel Construction Pipeline from Lodging Econometrics (LE), the three cities with the largest pipelines are: Sao Paulo, Brazil with 39 Projects/6,877 Rooms, Campinas, Brazil with 35 Projects/6,349 Rooms and Lima, Peru with 23 Projects/3,534 Rooms.
The leading franchise companies in Latin America’s Pipeline are: AccorHotels with 123 Projects/18,206 Rooms, Marriott International with 81 projects/12,926 Rooms and Hilton Worldwide with 60 Projects/8,891 Rooms.
The leading brand for each of Latin America’s top three franchise companies are: Accor’s Hotel Ibis with 54 Projects/7,051 Rooms, Marriott’s AC Hotel with 11 Projects/1,802 Rooms and Hilton Garden Inn with 19 Projects/2,721 Rooms.
Hotel Construction Pipeline in Latin America Steady — December 19, 2016According to the recent Construction Pipeline Trend Report for Latin America from Lodging Econometrics (LE), the region has 892 Projects/151,203 Rooms, up 3% by projects and down 1% by rooms Year-Over-Year (YOY).
For hotels currently Under Construction, the Latin America Pipeline has 410 Projects/70,564 Rooms, down 1% by projects and 6% by rooms YOY. There are 182 Projects/31,255 Rooms Scheduled to Start Construction in the Next 12 Months, up 3% by projects and 2% rooms. Projects in Early Planning, 300 Projects/49,384 Rooms, are up 8% by projects and 5% by rooms.
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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:
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