Hotel Business

OCTOBER 29, 2024

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. In Q3, five U.S.

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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

AUGUST 7, 2024

Projects scheduled to start construction in the next 12 months, at Q2, stand at 80 projects/9,249 rooms, while projects in early planning stand at 162 projects/20,445 rooms, for a 20% and 1% YOY increase, respectively. Next is British Columbia with a record-high 59 projects, accounting for 8,439 rooms.

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Hotel Business

AUGUST 22, 2024

Projects and rooms scheduled to start construction in the next 12 months grew 8% YOY to close the quarter at 3,972 projects/545,764 rooms. Upper-midscale, upscale and the midscale chain scales dominate the pipeline at Q2, accounting for 65% of the projects in the total pipeline. At Q2, the top countries by project count are the U.S.,

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Hotel Business

APRIL 30, 2024

Additionally, at the close of the first quarter, there are 80 projects/9,593 rooms scheduled to start construction in the next 12 months while projects and rooms in the early planning stage reached all-time highs of 164 projects/20,884 rooms, increasing 13% and 1% YOY, respectively. new supply growth rate increase.

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Hotel Business

AUGUST 16, 2024

Projects planned to start construction in the next 12 months account for 412 projects/59,850 rooms, making up 25% of the projects and 24% of the rooms. Projects in the early planning stage comprise 513 projects/71,696 rooms, accounting for 31% of the projects and 29% of the rooms in the total pipeline.

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Hotel Business

JUNE 5, 2024

Projects scheduled to start construction in the next 12 months stand at 3,840 projects/528,251 rooms, for an 8% increase by projects and a 5% increase by rooms YOY. with 2,272 projects/341,854 rooms, accounting for 41% of the projects in the total global full-service pipeline, then China with 1,688 projects/414,323 rooms.

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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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Hotel Business

OCTOBER 31, 2024

Additionally, the number of projects scheduled to start construction within the next 12 months grew to 183 projects and 30,184 rooms, up 7% by project count and 9% by room count YoY. 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 21, 2024

Projects scheduled to start construction in the next 12 months have seen a significant rise YOY, with 145 projects and 34,706 rooms, marking a 42% YOY increase in projects and a 45% increase in rooms. Three chain scales dominate the Middle East’s total pipeline in the second quarter, accounting for 77% of projects and 79% of rooms.

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Hotel Business

AUGUST 15, 2024

According to the Q2 report, projects under construction have hit a new all-time high of 2,743 projects with 498,551 rooms, accounting for 72% of the projects in China’s total pipeline and growing 3% by projects and 4% by rooms YOY. LE analysts forecast a total of 937 new hotels and 139,673 new rooms to open by year-end 2024.

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Hotel Business

JUNE 18, 2024

Projects scheduled to start construction in the next 12 months stand at 31 projects/3,466 rooms and those in early planning total 25 projects/2,871 rooms. Combined, these two chain scales account for 44 projects/5,007 rooms. In 2025, Charlotte is expected to grow its supply by 1.5% supply growth rate by rooms.

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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 Owner

APRIL 22, 2024

The building, which achieved the BREEAM Outstanding rating at the design stage, is currently on schedule in week 39 of a 75-week construction programme. Voco Zeal Exeter Science Park remains on schedule to complete in December this year, with official opening planned for January 2025.

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Hotel Business

MAY 29, 2024

Projects scheduled to start construction in the next 12 months total eight projects/1,079 rooms, and those in early planning account for 23 projects/4,815 rooms. These three market tracts combined account for 59% of the projects and 65% of the rooms in the market’s total construction pipeline. Of the top 50 markets in the U.S.,

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Hotel Business

MAY 16, 2024

Another 411 projects with 60,356 rooms are scheduled to start construction in the next 12 months, while 532 projects with 75,606 rooms are in the early planning stage, slightly below the record-high reported in Q1 2023. These three chain scales account for 55% of the projects in the region’s total construction pipeline.

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Hotel Business

MAY 14, 2024

Additionally, there are 377 projects/65,193 rooms scheduled to start construction in the next 12 months, while 707 projects/141,459 rooms are in the early planning stage. The upper-midscale and upscale chain scales lead China’s pipeline at Q1, accounting for 57% of projects and 58% of rooms in the country’s total pipeline.

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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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Hotel Business

AUGUST 11, 2023

At the close of the quarter, there are 227 projects/38,675 rooms presently under construction, and projects scheduled to start construction in the next 12 months stand at 158 projects/25,091 rooms. Twenty-seven projects accounting for 3,796 rooms started construction in Q2.

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Hotel Business

FEBRUARY 29, 2024

Projects scheduled to start construction in the next 12 months stand at 3,850 projects/536,588 rooms, for a 7% increase by projects and a 5% increase by rooms YOY. Globally, during 2023, 1,978 new hotels opened, accounting for 292,380 rooms. Following the U.S. is China, reaching an all-time high of 3,788 projects with 691,772 rooms.

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Hotel Business

AUGUST 12, 2024

Projects scheduled to start construction in the next 12 months have risen to 358 with 65,853 rooms, up 23% by projects and rooms YOY. The upper upscale, upscale and upper-midscale chain scales dominate the pipeline, accounting for 62% of projects and 65% of rooms.

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Hotel Business

FEBRUARY 12, 2024

At the close of the quarter, projects currently under construction account for 47% of the projects in the region’s total pipeline, with 922 projects/212,607 rooms. Projects scheduled to start construction in the next 12 months increased 8% YOY to stand at 342 projects/65,079 rooms at the Q4 close.

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Hotel Business

NOVEMBER 13, 2023

Projects scheduled to start construction in the next 12 months stand at 295 projects/51,756 rooms. Furthermore, the luxury, upper-upscale and upscale chain scales each hit peak project counts at the end of Q3 and account for 53% of the projects in the region’s hotel construction pipeline.

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Hotel Business

MAY 7, 2024

Additionally, projects scheduled to start construction in the next 12 months stand at 189 projects/28,740 rooms, up 18% by projects YOY and 11% by rooms, while those in early planning stand at 166 projects/24,857 rooms, up 4% by projects YOY and 3% by rooms. YOY, this represents an increase of 13% by projects and 33% 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. at the end of 2023 to 1% in 2024 and again in 2025 to 1.1% In 2024, LE forecasts that 29 new hotels/3,698 rooms will open.

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Hotel Business

NOVEMBER 15, 2023

Combined, these two chain scales account for 53% of projects and 55% of the rooms in China’s hotel construction pipeline. Projects scheduled to start construction in the next 12 months stand at 356 projects/65,606 rooms. Through the third quarter of 2023, 468 new hotels, accounting for 75,491 rooms, have opened in China.

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Hotel Business

FEBRUARY 15, 2024

With remote work, flexible schedules and an increased desire for more home-like atmospheres, the extended-stay segment has experienced unprecedented growth in the U.S. In Q4 2023, middle-tier extended-stay brands significantly influenced the segment, accounting for 1,467 projects/139,092 rooms. At the close of Q4 2023, the total U.S.

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Hotel Business

OCTOBER 26, 2023

Projects scheduled to start construction in the next 12 months stand at 2,234 projects/257,729 rooms, up 8% YOY by projects and 9% YOY by rooms. construction pipeline, accounting for 38% of the projects and standing at 2,149 projects/209,895 rooms at the Q3 close. construction pipeline. increase in new hotel supply.

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Hotel Business

MAY 15, 2024

Projects scheduled to start construction in the next 12 months stand at 133 projects/30,447 rooms, up 28% by projects YOY and 24% by rooms YOY. By year-end 2025, LE analysts forecast another 101 new hotels/26,743 rooms to open across the Middle East. At Q1 2024, projects currently under construction stand at 302 projects/80,589 rooms.

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Hotel Business

MAY 9, 2024

Additionally, there are 340 projects/65,259 rooms scheduled to start construction in the next 12 months, marking a 13% YOY increase in projects and a 10% increase YOY in rooms. These three countries account for 50% of the projects in the region’s total pipeline.

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Revenue Hub

AUGUST 28, 2024

Consequently, holiday party bookings surge, making these months pivotal for solidifying the year’s remaining schedule. Over the Horizon What accounts for the disconnect between the event planning cycle and the actual event cycle?

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Hotel Business

APRIL 24, 2024

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. Looking ahead to 2025, LE analysts anticipate an additional 790 new hotels with 85,561 rooms to open in the U.S., resulting in a 1.5%

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Hotel Business

NOVEMBER 8, 2023

At the Q3 close, there were 93 new project announcements (NPAs), accounting for 415,416 rooms, marking the largest number of new project and room announcements in Latin America since Q2 2017. These five countries combined account for 68% of all the projects and rooms in Latin America’s construction pipeline.

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Hotel Business

OCTOBER 31, 2023

Projects scheduled to start construction in the next 12 months stand at 101 projects/11,548 rooms at Q3, while projects in the early planning stage stand at 118 projects/18,004 rooms; a 13% YOY increase by projects and a 33% YOY increase by rooms. In the third quarter, Canada had 22 new project announcements with 2,816 rooms.

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Hotel Business

AUGUST 8, 2024

Additionally, projects scheduled to start construction in the next 12 months stand at 187 projects/29,476 rooms, up 18% by projects and 17% by rooms YOY, while projects in the early planning stage increased by 3% YOY to stand at 172 projects/23,802 rooms at the close of the quarter.

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Hotel Business

FEBRUARY 20, 2024

At year-end, the hotel construction pipeline in Europe includes 755 projects with 115,300 rooms currently under construction, with an additional 418 projects/64,835 rooms scheduled to start construction in the next 12 months. These five countries account for 51% of the projects in the region’s overall pipeline.

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Hotel Business

AUGUST 23, 2023

Projects scheduled to start construction in the next 12 months stand at 292 projects/53,417 rooms, and projects and rooms in the early planning stage hit an all-time high of 700 projects/132,574 rooms. These five countries account for 64% of the projects in the region’s total pipeline.

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