Hotel Business

SEPTEMBER 12, 2024

Lodging Econometrics’ (LE) Q2 2024 U.S. With a significant concentration of projects scheduled to start in the next 12 months and early planning stages, particularly in the upscale and upper-midscale segments, the industry appears poised for substantial new supply growth.

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Hotel Business

NOVEMBER 8, 2024

The hotel development pipeline across the Asia-Pacific, excluding China, region (APEC) continued its notable growth trajectory through the third quarter of 2024, according to the latest Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).

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Hotel Business

OCTOBER 30, 2024

The latest Lodging Econometrics (LE) data from Q3 2024 reveals unprecedented growth in Canada’s hotel development pipeline, with key indicators suggesting an expansion phase is underway. Another 69 projects (9,768 rooms) in Canada are scheduled to begin construction within the next 12 months. increase in supply.

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Hotel Business

JULY 30, 2024

As seen in the Q2 2024 U.S. LE expects that as interest rates begin to decline, projects scheduled to start in the next 12 months will move to under construction rather quickly. during the first and second quarters of 2024. and upper-midscale by 2% in 2024; both chain scales are expected to grow by 2.3%

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Hotel Business

NOVEMBER 11, 2024

In the Q3 2024 China Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE) , at the end of the quarter, China’s total hotel construction pipeline reached a record-high project count of 3,853 projects with 703,312 rooms, up 4% by projects and 3% by rooms year-over-year (YOY).

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7 Shifts

JULY 20, 2024

or 70% This means that the restaurant's prime costs account for 70% of its total sales. Additionally, use restaurant scheduling software to match staff levels to customer demand, avoiding overstaffing during slow periods. Having the right schedule ensures you aren’t paying employees to stand around when business is slow.

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Hotel Business

AUGUST 22, 2024

The Q2 2024 Global Construction Pipeline Trend Report from Lodging Econometrics (LE) states that the total pipeline ascended to a record-high 15,453 projects with 2,395,726 rooms, up 6% by projects year-over-year (YOY) and 4% by rooms. LE analysts forecast a total of 2,534 new hotels with 372,686 rooms to open in 2024.

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Revenue Hub

NOVEMBER 22, 2023

NB: This is an article from CartStack Subscribe to our weekly newsletter and stay up to date Not to mention the ever-present battle with online travel agencies (OTAs), which account for 49% of all online hotel bookings. Social media scheduling and posting to maintain an active online presence.

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Hotel Business

OCTOBER 29, 2024

According to the Q3 2024 U.S. These top five markets combined account for 732 projects/88,904 rooms. Dallas, with 73 projects/8,708 rooms, has the most projects scheduled to start in the next 12 months. During the third quarter, 401 new project announcements (NPAs), accounting for 42,413 rooms, were revealed.

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Hotel Business

SEPTEMBER 14, 2023

Combined, these three regions account for 44% of the projects and 34% of the rooms in the global hotel construction pipeline. For 2024, the Americas region will see 831 hotels and 97,433 rooms added to the region’s supply of open and operating hotels. Of those 969 projects, 804 with 86,170 rooms will be open in the U.S.,

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Hotel Business

OCTOBER 31, 2024

Lodging Econometrics’ (LE) Q3 2024 Latin America Construction Pipeline Trend report signals growth for the region’s hospitality industry. At the close of Q3 2024, Latin America had 269 projects with 47,151 rooms under construction, reflecting a 10% YoY rise in both metrics.

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Hotel Business

AUGUST 16, 2024

In the Q2 2024 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report the region’s total pipeline stands at 1,680 projects/249,454 rooms at the quarter’s close. The upscale chain scale leads with 358 projects/55,936 rooms, accounting for 21% of the pipeline.

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Hotel Business

JULY 11, 2024

A newly revised edition of the Uniform System of Accounts for the Lodging Industry (USALI) is now available, published by Hospitality Financial and Technology Professionals (HFTP). ” Periodically, the USALI undergoes revision to align with the evolving landscape of hotel operations and accounting standards. and around the world.”

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Hotel Business

APRIL 30, 2024

The latest Hotel Construction Pipeline Trend Report for Canada from Lodging Econometrics (LE) reveals, at Q1 2024, there are 314 projects/39,628 rooms in the total pipeline. These three provinces account for 84% of the projects and 87% of the rooms in the total pipeline in Canada at Q1. new supply growth rate increase.

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Hotel Business

AUGUST 21, 2024

The Q2 2024 Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics reveals that hotel construction projects in the region have reached 607 projects with 147,088 rooms at the quarter’s close. In the first half of 2024, 35 new hotels with 6,308 rooms opened in the Middle East.

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Hotel Business

JUNE 5, 2024

The Q1 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the total global pipeline hit an all-time high for room counts and highlights a significant increase in full-service projects at the close of the first quarter. Distantly following is India with 334 projects/46,586 rooms.

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Hotel Business

MAY 29, 2024

According to LE’s Q1 2024 Market Trend Report for the New York market, analysts report the market has a total of 78 projects/13,549 rooms in the hotel construction pipeline, the 10th largest pipeline by projects of any market in the U.S. During the first quarter of 2024, the New York market outpaced all others in the U.S.

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Hotel Business

AUGUST 12, 2024

In the Q2 2024 Asia-Pacific, excluding China (APEC), Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in APEC has hit a record 2,056 projects with 406,118 rooms, marking a 6% increase in projects and a 1% rise in rooms year-over-year (YOY).

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Hotel Business

AUGUST 15, 2024

As seen in Lodging Econometrics’ (LE’s) Q2 2024 Hotel Construction Pipeline Trend Report for China, the country’s hotel construction pipeline has reached unprecedented heights at the close of the second quarter. At Q2, three chain scales account for an impressive 69% of the projects and 65% of the rooms in China’s total pipeline.

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Modern Restaurant Management

JULY 22, 2024

According to the National Restaurant Association, operators’ 2024 sales should exceed $1 trillion. percent for the 12 months ending in May 2024 , highlighting the pressing need for energy management solutions. IoT solutions continually adjust schedules and air conditioning set points in response. According to the U.S.

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Hotel Business

MAY 16, 2024

According to the Q1 2024 Hotel Construction Pipeline Trend Report for Europe from Lodging Econometrics (LE), the region’s total pipeline stands at 1,705 projects/253,777 rooms at the close of the first quarter. These three chain scales account for 55% of the projects in the region’s total construction pipeline.

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Hotel Business

JANUARY 30, 2024

At Q4, projects currently in the under construction stage account for nearly half of the projects and rooms in Latin America’s total pipeline. Projects scheduled to start construction in the next 12 months are at 172 projects/27,625 rooms, up 9% by projects and 16% by rooms YOY.

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7 Shifts

MAY 31, 2024

Since this is a WordPress plug-in, you only have to download it from the plug-ins page, and it will be automatically integrated into your WordPress account. billion social media users as of April 2024, restaurants that take advantage of various social media platforms are reaching a wider customer base than ever. With over 5.07

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Hotel Business

APRIL 24, 2024

As seen in the Q1 2024 U.S. These brands now account for 37% of the total projects under construction, 41% of projects scheduled to begin within the next 12 months and 39% of projects in the early planning stage. LE analysts anticipate this robust conversion and renovation activity to continue throughout 2024.

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Hotel Business

JULY 31, 2024

According to the recent Q2 2024 U.S. However, Phoenix’s projects account for more rooms at 3,993, compared to Nashville’s 3,049 rooms. At Q2, Dallas, with 73 projects/8,787 rooms, has the most projects scheduled to start in the next 12 months. during the first and second quarter of 2024. Of the top 50 markets in the U.S.,

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STAAH

OCTOBER 1, 2024

Bonus: Social Media Trends You Need to Know (September 2024 Edition) Here’s how you can effectively utilize your social media presence across various platforms: What is Social Media Marketing for Hotels? Content Calendar: Plan and schedule your posts to maintain a consistent online presence.

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Hotel Business

JULY 28, 2023

Projects scheduled to start construction in the next 12 months saw an 11% increase in projects and 12% increase in rooms YOY, to stand at 2,232 projects/260,595 rooms at the close of the second quarter. In 2024, 236 projects/24,281 rooms, and in 2025, 319 projects/32,798 rooms are forecast to open in the extended-stay segment.

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Hotel Business

MAY 7, 2024

At the close of Q1 2024, the total hotel construction pipeline in Latin America stands at 604 projects and 100,990 rooms, marking an 11% increase in projects and a 12% increase in rooms year-over-year (YOY). These three countries account for 61% of the projects in the total pipeline and 62% of the rooms.

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Hotel Business

JUNE 18, 2024

The Q1 2024 LE Market Trend Report for the market highlights that Charlotte has a total of 67 hotel projects and 7,772 rooms in the construction pipeline, positioning it 15th among the top 25 U.S. Combined, these two chain scales account for 44 projects/5,007 rooms. markets by project counts. supply growth rate by rooms.

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Hotel Business

JANUARY 29, 2024

Projects scheduled to start construction within the next 12 months are at 85 projects/9,810 rooms, while those in early planning are at 143 projects/19,588 rooms, up 12% by projects and 15% by rooms YOY. In 2024, LE forecasts that 29 new hotels/3,698 rooms will open. at the end of 2023 to 1% in 2024 and again in 2025 to 1.1%

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7 Shifts

SEPTEMBER 6, 2024

For example, if your restaurant sells an average of 200 burgers per week and each burger requires one patty, you might set a par level of 250 patties to account for fluctuations in demand. Once you have this data, consider factors like delivery schedules, shelf life, and seasonal variations.

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Hotel Business

MAY 15, 2024

The Q1 2024 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) reveals, at Q1, the hotel construction pipeline in the region increased to 612 projects/144,222 rooms, up 5% by projects year-over-year (YOY). At Q1 2024, projects currently under construction stand at 302 projects/80,589 rooms.

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Hotel Owner

MARCH 3, 2023

Projects scheduled to start construction in the next 12 months stand at 3,591 projects/510,969 rooms, up 1% by projects YOY and down 1% by rooms year-on-year. These two countries account for 63% of the projects in the total global construction pipeline, with the United States claiming 38% of the projects and China accounting for 25%.

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7 Shifts

AUGUST 9, 2024

This post is adapted from our “What Restaurant Employees Want” report, originally published in May 2024. But as the restaurant industry evolves, employees demand the benefits of the traditional 9-to-5 job, such as health insurance, paid sick days, vacation, retirement accounts, and more.

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Hotel Business

NOVEMBER 20, 2023

Upscale projects in Europe are up 3% YOY and account for 26% of projects in the country’s total construction pipeline, settling in at 439 projects/71,178 rooms. Projects scheduled to start construction in the next 12 months stand at 411 projects/63,154 rooms, while projects in early planning stand at 503 projects/71,268 rooms.

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Hotel Business

NOVEMBER 16, 2023

However, in 2024, meeting, professional event and convention spending is projected to increase alongside in-person demand, according to a recent survey from American Express Global Business Travel. Nine are currently under construction, another 13 are scheduled to start in the next 12 months and 16 projects are in early planning.

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Hotel Business

AUGUST 30, 2023

Worldwide, at the close of the second quarter, there are 6,154 projects/1,108,498 rooms under construction; 3,679 projects/506,760 rooms scheduled to start within the next 12 months; and 4,739 projects/694,980 rooms in the early planning stage. In 2024, new openings are forecast to reach 2,674 hotels, accounting for 415,699 rooms.

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