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.
China’s Hotel Construction Pipeline Continues to Expand with Double-Digit Increases Year-Over-Year June 12, 2019
Analysts at Lodging Econometrics (LE) report that China’s total construction pipeline continues to expand with 2,845 projects/590,809 rooms, up 15% by projects and 8% by rooms year-over-year (YOY). Both projects and rooms in the pipeline are at new all-time highs. Construction growth has been substantially enhanced by the billions of liquidity unleashed by the government last year to offset the manufacturing slump and slowing economy brought about by the escalating trade dispute with the United States.
China has 2,083 projects/414,967 rooms presently under construction, up 21% and 12% YOY, respectively while projects scheduled to start construction in the next 12 months stand at 387 projects/83,074 rooms, both at record highs. Projects in the early planning stage stand at 375 projects/92,768 rooms.
In the first quarter, China opened 185 new hotels/27,455 rooms. LE anticipates 795 new hotels/127,420 rooms will open for all of 2019 while in 2020, 732 new hotels with 124,160 rooms are forecast to open.
Guangzhou leads China’s pipeline with 128 projects/28,367 rooms, near its high set, in the fourth quarter of 2018. Shanghai follows with 114 projects/22,747 rooms. Next is Chengdu at a record high 110 projects/23,295 rooms. Suzhou with 83 projects/15,092 rooms and Hangzhou with 79 projects/17,415 rooms follow.
Franchise companies topping China’s construction pipeline are Hilton Worldwide with 421 projects/86,750 rooms, InterContinental Hotels Group (IHG) with 340 projects/76,861 rooms, and Marriott International with 291 projects/79,860 rooms, all three setting record highs. Next is JinJiang Holdings with 273 projects/31,118 rooms and AccorHotels with 201 projects/35,318 rooms.
Brands in the pipeline are dominated by Hampton by Hilton, at an all-time high, with 242 projects/38,608 rooms. Hilton’s second largest brand is DoubleTree with 65 projects/18,733 rooms. IHG’s primary brand in China is Holiday Inn Express, at a record count, with 162 projects/29,599 rooms and Holiday Inn with 57 projects/14,880 rooms. Marriott International’s top brands are the full-service Marriott Hotel & Resort, hitting an all-time high, with 67 projects/20,373 rooms and Courtyard with 36 projects/9,321 rooms. Leading brands for JinJiang Holdings are 7 Days Inn with 118 projects/9,296 rooms, and Vienna Hotel with 74 projects/10,360 rooms. AccorHotels’ leading brands are hitting all-time highs with 85 Ibis projects/9,214 rooms, and Mercure Hotel with 57 projects/9,948 rooms.
Europe’s Hotel Construction Pipeline is Accelerating and Hitting All-Time Highs Amidst Concerns of an Economic Slowdown Ahead June 7, 2019
Analysts at Lodging Econometrics (LE) report that Europe’s hotel construction pipeline continues its robust up-swing in 2019 with 1,670 projects/254,600 rooms, a remarkable 22% increase in projects and 19% increase in rooms year-over-year (YOY).
There has been an optimistic, upward trend in the European service and construction sectors, which is off-setting the weak outlook for exports and the on-going short-falls in manufacturing. New construction is being positively impacted by accommodative lending policies. Unemployment is at a 19-year low, yet an economic slowdown is still predicted for 2019.
There are 844 projects/133,620 rooms currently under construction and 480 projects/72,588 rooms planning to start construction in the next 12 months, both at record highs. The early planning stage stands at 346 projects/48,392 rooms, slightly off its record high at 2018 year-end.
New project announcements with 360 projects/50,337 rooms and construction starts with 223 projects/33,973 rooms have both reached all-time highs, both quarter-over-quarter and on a rolling-four quarter basis. As a result of these positive pipeline trends, the LE forecast for new hotel openings will continue to soar with 390 new hotels/53,241 rooms anticipated to open in 2019 and a further 426 new hotels/61,490 rooms in 2020, a new record high.
Europe’s leading countries in the construction pipeline are Germany, which is at an all-time high, with 319 projects/57,152 rooms and the United Kingdom with 261 projects/37,910 rooms, marginally trailing the record set in 2018. Following are France and Portugal, both also at record highs, with 188 projects/22,537 rooms and 121 projects/12,190 rooms, respectively. Next is Poland with 91 projects/13,748 rooms.
The cities with the largest pipelines are London with 78 projects/13,285 rooms, Paris with 60 projects/9,255 rooms, Dusseldorf with 53 projects/10,347 rooms, Lisbon with 39 projects/3,457 rooms, and Hamburg with 31 projects/6,101 rooms.
Franchise companies with the largest construction pipelines are AccorHotels, at a record high, with 256 projects/35,073 rooms. Next is Marriott International with 208 projects/33,395 rooms, just short of its high set in 2018. Hilton Worldwide follows with 172 projects/26,466 rooms, and InterContinental Hotels Group (IHG) with 147 projects/24,483 rooms, also just shy of its 2018 high. These four companies account for 47% of the projects and rooms in the total pipeline.
The leading brands for each of these franchise companies are AccorHotel’s Ibis brands with 134 projects/16,901 rooms, Mercure Hotel, at an all-time high, with 28 projects/2,918 rooms, and Novotel with 25 projects/4,246 rooms. Marriott International’s top brands are Moxy with 64 projects/11,422 rooms, Courtyard by Marriott with 33 projects/5,758 rooms, and Residence Inn, at an all-time high, with 17 projects/1,607 rooms. Hilton Worldwide has Hampton Inn with 70 projects/ 10,790 rooms, Hilton Garden Inn 43 projects/6,416 rooms, and DoubleTree by Hilton 23 projects/2,985 rooms. IHG’s top brands include Holiday Inn Express with 72 projects/10,900 rooms, Holiday Inn 33 projects/7,541 rooms, and Hotel Indigo 13 projects/1,554 rooms.
Latin America’s Hotel Construction Pipeline Enters Third Year of a Cyclical Slowdown May 29, 2019
In the recent Latin America hotel construction pipeline trend report, analysts at Lodging Econometrics (LE) state that the total construction pipeline stands at 717 projects/123,804 rooms, down 8% year-over-year (YOY) as it enters the third year of decline from its 2015-2016 peak.
Projects presently under construction stand at 329 projects/57,735 rooms. Projects scheduled to start construction in the next 12 months stand at 207 projects/34,712 rooms and those in the early planning stage are at 181 projects/31,357 rooms.
The first quarter of 2019 had 29 new hotels/5,405 rooms open. The LE forecast for the remainder of the year shows another 126 new projects/19,687 rooms opening. In 2020, LE’s forecast for new openings is expected to increase to 176 projects/28,698 rooms.
Mexico leads Latin America’s construction pipeline with a record-setting 205 projects/34,426 rooms. Next is Brazil, who’s pipeline peaked in the first quarter of 2015 at 453 projects/79,431 rooms in preparations for the Olympic Games and now stands at 161 projects/26,877 rooms. Together both countries account for 50% of the total pipeline. Colombia follows with 46 projects/7,727 rooms, then Peru with 46 projects/6,351 rooms. The Dominican Republic, which continues to flourish, is at an all-time high with 34 projects/11,226 rooms, a 48% increase in projects, YOY.
Cities in Latin America with the largest pipelines include Lima, Peru with 32 projects/4,889 rooms; Mexico City, Mexico with 25 projects/4,309 rooms; Cancun, Mexico with 19 projects/6,379 rooms; Sao Paulo, Brazil with 17 projects/2,864 rooms; and Cartagena, Colombia with 15 projects/2,797 rooms. The fast-growing markets of Lima, Peru and Cartagena, Colombia currently have pipelines of 58% and 46% of their existing census.
Top hotel franchise companies in Latin America’s construction pipeline are: AccorHotels with 112 projects/15,231 rooms, Marriott International with 102 projects/16,356 rooms, Hilton Worldwide at a record high of 80 projects/11,904 rooms, and InterContinental Hotels Group (IHG) with 52 projects/6,525 rooms. These four companies are responsible for 48% of the projects in the total construction pipeline.
The top brands in the pipeline are AccorHotel’s Ibis brands with 73 projects/9,408 rooms, IHG’s Holiday Inn Express with 20 projects/2,403 rooms, Hampton by Hilton with 20 projects/2,368 rooms and Hilton Garden Inn with 19 projects/2,763 rooms. These are followed by Marriott’s Fairfield Inn with 15 projects/2,285 rooms and Residence Inn at an all-time high of 10 projects/1,442 rooms.
Canada’s Hotel Construction Pipeline Remains Strong with Double Digit Increases Year-Over-Year May 28, 2019Analysts at Lodging Econometrics (LE) report that at the close of the first quarter of 2019, the total construction pipeline in Canada remains strong with 264 projects/33,023 rooms. Construction pipeline projects and rooms are both up an impressive 11% year-over-year (YOY).
A driving force of the pipeline’s double-digit growth is the surge in projects in the early planning stage with 80 projects/11,328 rooms, up 48% and 53% YOY, respectively. Currently, there are 93 projects/10,466 rooms under construction and 91 projects/11,229 rooms scheduled to start construction in the next 12 months, a record high.
The jump in early planning counts YOY is the result of a record number of new projects being announced into the pipeline during the fourth quarter of 2018, some 36 projects/5,380 rooms.
The forecast for new hotel openings in 2019 calls for 51 new projects/5,578 rooms to open. In 2020, counts are expected to rise with 62 projects/7,005 rooms forecast to open. Should all these projects and rooms come online, this will be a record high for annualized new hotel openings in Canada.
The top provinces in Canada with the most projects in the pipeline are Ontario with 139 projects/17,374 rooms, at a record-high and responsible for 52% of the projects in Canada’s pipeline. Next is Alberta with 38 projects/5,821 rooms and British Columbia with 37projects/4,068 rooms. Together the three provinces account for 81% of Canada’s Pipeline.
The top five cities within these three provinces starts with Toronto with 48 projects/6,570 rooms; at a record high and claiming 18% of all the projects in Canada’s total construction pipeline. Following distantly is Vancouver with 12 projects/1,448 rooms, Edmonton with 11 projects/1,735 rooms, Calgary with 11 projects/1,239 rooms, and Ottawa with 10 projects/1,684 rooms. These five cities account for 35% of the total pipeline.
The top franchise companies in Canada’s construction pipeline are Hilton Worldwide with 56 projects/6,658 rooms, followed closely by Marriott International with 52 projects/6,788 rooms and InterContinental Hotels Group (IHG) with 46 projects/4,508 rooms. These three franchise companies claim 58% of the projects in the total pipeline.
The top brands in Canada’s pipeline are IHG’s Holiday Inn Express with 30 projects/3,109 rooms. Next is Hampton by Hilton with 28 projects/3,240 rooms and TownePlace Suites by Marriott with 13 projects/1,336 rooms, both reaching record highs.
Other notable brands in the Canadian pipeline are Courtyard by Marriott, at a record high, with 12 projects/1,796 rooms, Hyatt Place with 12 projects/1,786 rooms, and Best Western Plus with 12 projects/1,027 rooms.
IHG’s Holiday Inn Express, Hilton’s Home2 Suites, and Marriott’s Fairfield Inn Account for 20% of U.S. Construction Pipeline Projects May 13, 2019In the Lodging Econometrics (LE) first quarter report for 2019, analysts detailed the leading franchise companies and their brands in the construction pipeline. Leading in the pipeline is Marriott International with 1,499 projects/196,771 rooms and Hilton Worldwide with 1,386 projects/154,349 rooms, both at all-time record highs. InterContinental Hotels Group (IHG) follows with 980 projects/99,115 rooms. These three franchise companies alone comprise 68% of the projects in the total pipeline.
The leading brands in the construction pipeline by project count for each of these three companies are IHG’s Holiday Inn Express with 416 projects/39,078 rooms, Home2 Suites by Hilton with 415 projects/43,122 rooms, and Marriott’s Fairfield Inn with 305 projects/29,566 rooms. Twenty percent of the projects in the pipeline are derived from these three brands combined.
Other notable brands in the pipeline for each of these franchise companies are: Tru by Hilton with 313 projects/30,329 rooms and Hampton by Hilton with 305 projects/31,468 rooms; Marriott’s Residence Inn with 213 projects/25,936 rooms and TownePlace Suites with 209 projects/21,733 rooms; IHG’s Avid Hotel with 172 projects/15,728 rooms and Staybridge Suites with 164 projects/17,086 rooms.
New project announcements remain in a strong upswing for these companies. In the first quarter, Marriott announced 89 new projects/11,742 rooms, Hilton announced 101 projects/11,192 rooms and IHG announced 64 projects/6,848 rooms.
In the first quarter of 2019, Marriott opened 70 new hotels/9,974 rooms, Hilton opened 58 hotels/7,264 rooms and IHG opened 36 hotels/4,359 rooms
The LE forecast for new hotel openings in 2019, anticipates that Marriott will open 278 projects/34,467 rooms. Next is Hilton with 266 projects/29,554 rooms followed by InterContinental Hotels Group with 156 projects/16,284 rooms.
Leading Markets in The U.S. Hotel Construction Pipeline May 10, 2019In the first quarter of 2019, analysts at Lodging Econometrics (LE) report that the top five markets with the largest hotel construction pipelines are New York City with 170 projects/29,247 rooms. Next are Dallas and Los Angeles, both at record highs, with 163 projects/19,689 rooms and 158 projects/25,578 rooms, respectively. Houston follows with 151 projects/15,643 rooms, and Nashville with 116 projects/15,599 rooms.
Markets with the greatest number of projects already under construction are New York with 119 projects/20,068 rooms, Dallas with 48 projects/6,265 rooms, and Los Angeles with 42 projects/6,288 rooms. Houston has 36 projects/4,162 rooms while Nashville, Austin, and San Jose all have 34 projects presently under construction.
Reflective of the increasing pipeline, LE’s forecast for new hotel openings will continue to rise through 2020. In 2019, New York City tops the list with 63 new hotels expected to open with 9,605 rooms, followed by Dallas with 30 projects/3,604 rooms, Houston with 28 projects/3,342 rooms, Austin with 25 projects/2,512 rooms, and Nashville with 23 projects/3,030 rooms. In the 2020 forecast, New York continues to lead with the highest number of new hotels anticipated to open with 44 projects/6,225 rooms followed by Los Angeles with 35 projects/5,140 rooms and Dallas with 33 projects/4,163 rooms.
The number of markets where supply growth is now exceeding demand growth continues to increase. At the first quarter, 18 of the top 25 markets experienced the shift, up from 12 of the top 25 markets at the end of the fourth quarter of 2018.
Markets of concern where new supply is already outpacing demand and future new openings are forecasted to be high are Houston, New York, Dallas, and Los Angeles.
The U.S. Hotel Construction Pipeline Continues to Grow in the First Quarter as the Economy Shows Surprising Strength May 09, 2019At the end of the first quarter of 2019, analysts at Lodging Econometrics (LE) reported that the total U.S. construction pipeline continued to expand with 5,647 projects/687,941 rooms, up a strong 7% by projects and 8% by rooms year-over-year (YOY). Pipeline totals are a mere 236 projects, or 4%, shy of the all-time high of 5,883 projects/785,547 rooms reached in the second quarter of 2008. The record should be pierced later in the year. Conversions and renovations are already at record levels.
Projects currently under construction stand at 1,709 projects/227,924 rooms with projects scheduled to start construction in the next 12 months at 2,429 projects/281,395 rooms. Projects in the early planning stage stand at 1,509 projects/178,622 rooms.
The upscale, upper-midscale, and midscale chain scales, all reached record-highs for both projects and rooms. Sixty-six percent of projects in the total pipeline are concentrated in two chain scales: upscale and upper midscale.
Annualized construction starts are at the highest level since 2008. In 2019, LE forecasts a 2.2% supply growth rate with 1,038 new hotels/118,385 rooms expected to open. For 2020, LE anticipates 1,174 new hotel openings and 128,598 rooms.
Hotel operations had a good quarter but mostly from expense improvements. Only 7 of the top 25 markets showed occupancy increases, quarter-over-quarter (QOQ). Only 11 markets had rev-par increases. Overall, U.S. demand growth was up 2.4% while supply was up 2%.
China’s Hotel Construction Pipeline Hits New All-Time High Despite Growing Concerns About the Economic Slowdown March 14, 2019Analysts at Lodging Econometrics (LE) report that China’s total construction pipeline is booming and stands at 2,761 projects/580,635 rooms, up 12% by projects and 6% by rooms year-over-year (YOY). At the end of 2018, both projects and rooms in the construction pipeline are at new all-time highs surpassing the previous cyclical high of 2,658 projects set in the fourth quarter of 2014. China has the second largest pipeline in the world.
Projects presently under construction are at 2,044 projects/411,032 rooms, up 17% and 10% YOY, respectively, reflective of the rush to get under construction as the economy continues to soften. Projects scheduled to start construction in the next 12 months are at 351 projects/76,063 rooms, down 4% and 5% YOY. Projects in the early planning stage YOY are flat at 366 projects/93,540 rooms.
At the 2018 year-end, China opened 619 new hotels/109,524 rooms, 23% of all projects worldwide. The LE forecast for new hotel openings, in the years ahead, continues to climb as the record number of projects in the pipeline enter into current supply. Throughout 2019, LE anticipates 671 new hotels/125,396 rooms will open and 691 new hotels having 132,108 rooms will open in 2020.
China’s pipeline is led by Guangzhou with 132 projects/28,694 rooms, a 25% increase in projects YOY. This is an all-time high for the city. Shanghai follows with 123 projects/25,283 rooms. Next is Chengdu also at a record high of 109 projects/23,478 rooms, Hangzhou with 90 projects/17,978 rooms, and Suzhou with 84 projects/15,436 rooms.
Franchise companies topping China’s construction pipeline are led by Hilton Worldwide with 386 projects/86,880 rooms and InterContinental Hotels Group (IHG) with 314 projects/72,758 rooms. Next is Jin Jiang Holdings with 288 projects/33,043 rooms, Marriott International with 283 projects/77,340 rooms, and AccorHotels with 186 projects/33,683 rooms.
Hampton by Hilton is the largest hotel brand in the construction pipeline in China with 194 projects/30,345 rooms. Hilton’s second largest brand is DoubleTree with 67 projects/19,453 rooms. IHG’s major brands are Holiday Inn Express with 150 projects/28,257 rooms and Holiday Inn with 57 projects/15,401 rooms. Top brands for Jin Jiang Holdings are 7 Days Inn with 121 projects/9,541 rooms and Vienna Hotel with 83 projects/11,614 rooms, while Marriott International’s leading brands are the full-service Marriott Hotel & Resort with 64 projects/19,463 rooms and Courtyard with 35 projects/9,025 rooms. AccorHotels has 74 Ibis projects/7,849 rooms and Mercure 50 projects/8,874 rooms.
Global Construction Pipeline Hits Record High at 2018 Year-End March 6, 2019Lodging Econometrics (LE) has released its year-end Global Construction Pipeline Trend Report, which compiles the construction pipeline counts for every country and market around the world. At the close of 2018, LE analysts state that the total global construction pipeline hit record highs with 13,573 projects/2,265,792 rooms, a 7% increase in projects and a 6% increase in rooms year-over-year (YOY).
The global pipeline has been ascending for eight consecutive years after reaching its cyclical low in 2010. All regional pipelines, with the exception of South America, continued their upward trend YOY. It is notable considering economic growth rates started to decline in 2018 and are forecast to slow further in 2019 and 2020. Four of the seven global regions reached all-time highs in 2018: Europe, Africa, Middle East, and Asia Pacific.
There are a record high 6,352 projects/1,172,591 rooms currently under construction worldwide. Projects scheduled to start construction in the next 12 months are at 3,860 projects/572,483 rooms. Projects in the early planning stage stand at 3,361rooms/520,718 projects, also at an all-time high.
The top countries by project count are the United States with 5,530 projects/669,456 rooms, still short of its all-time high of 5,883 projects/785,547 rooms set in the second quarter of 2008, and China with 2,761 projects/580,635 rooms whose pipeline reached a new all-time high. The U.S. accounts for 41% of projects in the total global construction pipeline while China accounts for 20%, resulting in 61% of all global projects being focused in just these two countries. Distantly following are Indonesia with 387 projects/65,405 rooms, Germany with 283 projects/52,569 rooms, and the United Kingdom with 266 projects/38,590 rooms.
Around the world, the cities with the largest pipeline counts are New York City with 171 projects/29,457 rooms, Dubai with 168 projects/49,943 rooms, and Dallas with 163 projects/19,476 rooms. Los Angeles follows with 147 projects/23,404 rooms, and Guangzhou, China with 132 projects/28,694 rooms.
The leading franchise companies in the global construction pipeline by project count are
Marriott International with 2,544 projects/420,405 rooms, Hilton Worldwide with 2,252
projects/333,209 rooms, InterContinental Hotels Group (IHG) with 1,716 projects/249,379
rooms, and AccorHotels with 966 projects/177,052 rooms. These four companies account for 55% of all projects in the global pipeline.
Brands leading in the pipeline for each of these companies are Marriott’s Fairfield Inn with 397
projects/43,089 rooms, Hampton by Hilton with 619 projects/79,591 rooms, IHG’s Holiday
Inn Express with 731 projects/91,691 rooms, and AccorHotel’s Ibis Brands with 321 projects/48,368 rooms.
2018 saw a total of 2,675 new hotels/403,153 rooms open around the world. As a result of the current global pipeline being at an all-time high, LE forecasts that new hotel openings will continue to climb with 2,844 hotels expected to open in 2019. In 2020, new openings are forecast to accelerate further to 3,088 hotels. Over this three-year period, approximately 60% of new hotels opening will occur in the U.S. and China.
European Pipeline Soars Despite Economic Slowdown Throughout the Region February 28, 2019In the 2018 year-end report by Lodging Econometrics (LE), Europe’s total construction pipeline skyrocketed to 1,569 projects/243,947 rooms, a whopping 19% increase year-over-year (YOY), and the highest project and room counts ever recorded. The record counts come despite concerns of slower growth throughout the region, shrinking demand for the region’s exports, Brexit uncertainties, and political tensions in many countries.
There are 784 projects/124,674 rooms currently under construction, 434 projects/68,128 rooms planning to start construction in the next 12 months, and 351 projects/51,145 rooms in the early planning stage. The total pipeline and all three stages of the pipeline have counts more than double their cyclical lows set earlier in the decade.
Announced renovation and conversion counts are also booming with 400 projects/55,787 rooms, up 16% by projects, a record high and up 21% by rooms YOY.
In 2018, 386 new hotels with 53,236 rooms opened throughout Europe, the highest number of new hotel openings ever recorded. Because of the robust construction pipeline, the LE forecast for new hotel openings will continue to be strong with 382 new hotels/53,252 rooms anticipated in 2019 and 386 new hotels/59,861 rooms in 2020.
Franchise companies with the largest construction pipelines are AccorHotels with 257 projects/34,606 rooms and Marriott International with 215 projects/35,789 rooms. Next is Hilton Worldwide with 173 projects/26,684 rooms, and InterContinental Hotels Group (IHG) with 147 projects/24,861 rooms. These four companies are responsible for 50% of the projects and rooms in the total pipeline. AccorHotels, Marriott International, and IHG set new record project counts in their European pipelines.
The leading brands for each of these top companies are AccorHotel’s Ibis brands with 138 projects/17,369 rooms, Novotel with 26 projects/4,426 rooms, Adagio City Aparthotel with 25 projects/3,236 rooms, and Mercure Hotel with 25 projects/2,656 rooms. Marriott International’s top brands are Moxy 69 projects/12,479 rooms, Courtyard by Marriott 33 projects/5,788 rooms, and the Autograph Collection 17 projects/2,324 rooms. Hilton Worldwide has Hampton Inn with 67 projects/ 10,309 rooms, Hilton Garden Inn 47 projects/6,960 rooms, and DoubleTree by Hilton 25 projects/3,371 rooms. IHG’s include Holiday Inn Express with 74 projects/11,176 rooms, Holiday Inn 34 projects/7,887 rooms, and Hotel Indigo 14 projects/1,780 rooms.
Many brands have hit all-time records at year-end including Novotel, Adagio City Aparthotel, Moxy, Courtyard, the Autograph Collection, DoubleTree, and Holiday Inn Express.
Europe’s leading countries in the construction pipeline are Germany with 283 projects/52,569 rooms, the United Kingdom with 266 projects/38,590 rooms, France with 167 projects/20,479 rooms, Poland with 97 projects/14,958 rooms, and Portugal with 96 projects/10,206 rooms. With the exception of the United Kingdom, these markets all have construction pipelines at record highs.
The cities with the largest pipelines are London with 80 projects/13,516 rooms, Paris with 54 projects/8,093 rooms, Dusseldorf with 50 projects/10,032 rooms, Istanbul with 31 projects/5,566 rooms, and Lisbon with 30 projects/2,911 rooms. Frankfurt follows with 29 projects/5,694 rooms, Warsaw with 29 projects/5,390 rooms, and Moscow with 28 projects/5,881 rooms. Warsaw, Dusseldorf, and Budapest have pipelines greater than 20% of their current census indicating the possibility of absorption problems should economic growth trends soften further.
Lodging Econometrics Develops Premium Data Integration Services for Salesforce and Other Client Relationship Management Platforms February 21, 2019Lodging Econometrics (LE), the global leader for hotel real estate intelligence, announces that it has developed and added a premium data integration service to its business development database offerings. LEConnect for Salesforce and other Client Relationship Management (CRM) platforms allows for LE’s database of decision-makers for new hotel construction projects, renovations, conversions, and open & operating hotels to be seamlessly integrated into any CRM.
“Our clients were very pleased with the upgrades we made to our business development program database and strategy & forecasting center late last year, but recently expressed a need to receive our database content directly into their existing CRM platforms. This is precisely why we built LEConnect and developed this integration service. We’ve designed it so that our clients no longer need two platforms. Now LE can merge any of its global database programs for business development simply and seamlessly into a client’s existing Salesforce or other CRM platform, allowing clients to work entirely within their own platform,” said Timothy Ford, President of Lodging Econometrics.
By subscribing to and installing LEConnect, LE’s clients will be able to identify new accounts with the greatest potential, make more informed and better targeted decisions, increase their sales, and save considerable sales time and staff resources. As with all of LE’s programs, LE also provides staff training and continual support to ensure the successful implementation of their database services throughout the client’s organization.
“For any sales organization in the lodging industry, franchise company, hotel ownership or management group or vendor, LEConnect can immediately improve their productivity and increase their sales. And, for those without an existing CRM platform, LE’s database has the functionality to serve as an organization’s stand-alone CRM platform. We are excited at the opportunity to deliver these new database services to our existing and future clients. Our cutting-edge service removes the frustration and logistics from the data integration process,” said Ford.
To learn how you can get connected with LE’s Business Development Programs, contact us at +1 603.431.8740 or email@example.com.
Congratulations to 2018 ALIS Development of the Year Award Winners! February 14, 2019On Wednesday, January 30, 2019, JP Ford, SVP and Director of Global Business Development of Lodging Econometrics, presented the winners of the 2019 Full-Service and Select/Limited Service Developments of the Year with their prestigious award at the America’s Lodging Investment Summit.
The winner in the Full-Service category was the: Gaylord Rockies Resort & Convention Center. Representing the property was: Ira Mitzner, President and CEO, RIDA Development Corporation; and Noah Silverman, Chief Development Officer, North America Full-Service Hotels, Marriott International.
The winner in the Select/Limited Service category was the: Hilton Garden Inn Chicago McCormick Place, Hampton Inn by Hilton Chicago McCormick Place and Home2 Suites by Hilton Chicago McCormick Place. Representing the property was: David Duncan, President, First Hospitality Group, Inc.
Lodging Econometrics’ Patrick H. Ford Receives Lifetime Achievement Award at The Lodging ConferenceOctober 2, 2018 – PORTSMOUTH, NH – Patrick H. Ford, Chairman, CEO, and Founder of Lodging Econometrics (LE) and New England Hotel Realty (NEHR) of Portsmouth, NH, has received the 2018 Lifetime Achievement Award for the hospitality industry, which was presented at The Arizona Biltmore on September 25, 2018. The Lodging Conference’s founder and producer, Harry Javer and hospitality veteran Michael A. Leven, chairman and CEO of Georgia Aquarium, presented the award to Ford. Nearly two thousand industry members were in attendance at this year’s conference.
The prestigious Lifetime Achievement Award recognizes an individual who has provided outstanding, life-long contributions to the hospitality industry. 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. He then created and developed New England Hotel Realty as the largest, full-service hotel brokerage firm in the Northeast. In 1995, 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 as providing a variety of customized new hotel construction and supply side databases, and trend line and forecast reports that assist franchise development teams, investor groups and vendors to grow 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.
In Ford’s acceptance speech he said, “My career has been chuck-a-block full of opportunities and blessings. Like any lifelong journey it’s required hard work and an ongoing dedication to personal growth. But those are the requirements of any successful journey. I’ve lived a charmed life! It’s been a great ride! The industry is in my blood and it will continue to stimulate my interest until the end.”
Timothy Ford Appointed President of Lodging Econometrics and New England Hotel RealtyPortsmouth, 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.”
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