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LE: APEC construction pipeline reaches new highs in Q3

Hotel Business

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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Canadian construction pipeline grows 13% YOY

Hotel Business

According to the Q4 2024 Canada Construction Pipeline Trend Report by Lodging Econometrics (LE) , Canadas total construction pipeline has reached record-breaking counts of 333 projects/43,413 rooms, showing robust growth of 13% for both projects and rooms year-over-year (YOY).

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Are You a Manager or Leader? Here’s How to Tell and Why It Matters

Modern Restaurant Management

Providing Feedback : Monitoring performance and offering constructive feedback to help employees grow. Managers create the structure and accountability needed to maintain order and achieve short-term goals. Maria excelled at scheduling shifts, complying with labor laws, and hitting sales targets.

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LE: Latin America construction pipeline expands 11% annually

Hotel Business

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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LE: Canadian hotel development reaches historic heights

Hotel Business

Current under-construction activity shows remarkable acceleration, with 81 active projects (10,596 rooms) representing a 45% surge in projects and a 29% increase in rooms year-over-year. 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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Luxury projects hit historic highs while limited-service hotel development booms in the United States

Hotel Business

hotel construction pipeline, with full-service projects—encompassing luxury, upper-upscale, upscale and casino properties—representing 2,295 projects and 349,812 rooms, or 37% and 48% of the total pipeline respectively. In Q3 alone, 97 new full-service hotel projects were announced into the pipeline accounting for 13,968 rooms.

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LE: U.S. construction pipeline remains steady

Hotel Business

According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics (LE), at the close of the second quarter, the hotel construction pipeline stands at 5,572 projects/660,061 rooms, with projects up 7% year-over-year (YOY) and rooms up 6% YOY. construction pipeline. hotel construction pipeline.