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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).
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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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.
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.
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.
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.
Construction Pipeline Trend Report from Lodging Econometrics (LE), the market with the largest hotel construction pipeline by projects is Dallas with a record high count of 176 projects, accounting for 20,790 rooms. Combined, these three companies account for 67% of the projects and 64% of the rooms in the total pipeline.
The total global construction pipeline for hotels at the end of 2022 stood at 14,267 projects, a 4% increase year-over-year (YOY), with 2,298,846 rooms in the works. This is according to Lodging Econometrics (LE), which has released its Q4 year-end Global Construction Pipeline Trend Report.
According to the Q4 2023 Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), projects and room counts in the region’s total construction pipeline each increased by 11% each year-over-year (YOY) to stand at 594 projects and 97,679 rooms at the close of the quarter.
According to the recent Construction Pipeline Trend Report by Lodging Econometrics (LE) , the Asia Pacific, excluding China (APEC), hotel construction pipeline hit an all-time high at the Q4 2024 close, climbing 5% year-over-year (YOY) to reach record counts of 2,085 projects/412,358 rooms.
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Construction Pipeline Trend Report released by Lodging Econometrics (LE) , LE analysts report that as a group, year-over-year the hotel construction pipeline has grown in the top 25 markets in the U.S. Dallas has 25 projects/3,739 rooms, while Phoenix has 24 projects/5,155 rooms projects presently under construction.
In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. At the close of the first quarter, projects currently under construction stand at 1,051 projects/140,365 rooms, each showing 9% growth YOY. construction pipeline at Q1.
Hotel Construction Pipeline Trend Report paints a picture of robust growth and strategic focus. 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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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.
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In the latest Hotel Construction Pipeline Trend Reports from Lodging Econometrics (LE), the total Americas—comprising the U.S., Canada and Latin America—hotel construction pipeline stands at 6,399 projects/785,897 rooms. In these years, the upscale and upper-midscale chain scales will account for 60-65% of the projected openings.
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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. In Canada, there was a surge of projects that moved into the under construction stage in 2023. new supply growth rate increase.
The latest Latin America Construction Pipeline Trend Report by Lodging Econometrics (LE) reveals robust growth in the region’s hotel construction sector. At the end of the first quarter, there are 249 projects/47,393 rooms under construction in Latin America, reflecting a 10% YOY increase in projects and an 18% increase in rooms.
To accommodate demand, cities like Atlanta, Chicago, Dallas, Las Vegas, Los Angeles, Miami, New Orleans, New York City, Orlando and San Diego have an abundance of new hotel construction, renovation and brand conversion activity underway. Through Q3 2023, New York also has the most new construction starts of any market in the U.S.
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. The market also was the leading market for construction starts in Q1 2024.
Lodging Econometrics’ (LE’s) Q1 2024 Hotel Construction Pipeline Trend Report reveals steady growth in China’s construction pipeline, with 3,775 projects encompassing 695,212 rooms. At the close of the first quarter, China has 2,691 projects and a record-high 488,560 rooms under construction.
According to the Q3 2024 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the region’s total pipeline stands at 1,645 projects/244,548 rooms. Projects scheduled to start construction in the next 12 months account for 399 projects/57,828 rooms, making up 24% of both projects and rooms.
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. Within the Charlotte market, at the close of the first quarter, hotels under construction stand at 11 projects/1,435 rooms.
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. At Q2, the top countries by project count are the U.S.,
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.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the second quarter, there are 6,095 projects with 713,151 rooms in the pipeline. At the close of the second quarter, there are 1,171 projects comprising 147,611 rooms under construction, marking a 10% increase in projects and a 4% increase in rooms YOY.
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. As of Q2, 300 projects with 80,867 rooms are currently under construction throughout the Middle East.
In the Q2 ‘23 Global Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts state that the total global construction pipeline stands at 14,572 projects/2,310,238 rooms, up 3% year-over-year (YOY) by projects and 1% YOY by rooms. In 2024, new openings are forecast to reach 2,674 hotels, accounting for 415,699 rooms.
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. China had 219 projects/37,261 rooms start construction in Q2.
From Q3 ’21 to Q3 ’22, the extended stay new construction pipeline grew 26% Year-Over-Year (YOY) by rooms. Construction Pipeline are extended-stay projects, accounting for 35% of projects and 30% of the rooms in the total U.S. At the end of Q3 ’22, 1,855 projects/190,405 rooms in the U.S. with 494 projects/50,809 rooms.
In the Q3 2022 Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report the total construction pipeline stands at 548 projects/90,728 rooms, down 5% by projects and 12% by rooms, year-over-year (YOY). These five cities account for 21% of the rooms in the region’s total construction pipeline.
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.
The Q2 2024 Canada Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that at the close of the quarter, there are 322 projects/40,297 rooms in the country’s total pipeline. Next is British Columbia with a record-high 59 projects, accounting for 8,439 rooms. new supply growth rate increase.
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.
According to the most recent Construction Pipeline Trend Report for the U.S. construction pipeline stands at 5,704 projects/672,676 rooms, up 7% year-over-year (YOY) by projects and rooms. At the close of the third quarter, there are 1,063 projects/140,331 rooms under construction, up 8% by projects and 4% by rooms YOY.
According to the recent Asia-Pacific, excluding China (APEC), Construction Pipeline Trend Report from Lodging Econometrics (LE), the total hotel construction pipeline in the region increased 4% year-over-year (YOY) and closed 2023’s fourth quarter with a record-high 1,977 projects and 402,156 rooms.
According to the Q1 2024 Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in the Asia-Pacific region, excluding China, (APEC) reached a record-breaking project total of 2,021 projects/402,312 rooms. These three countries account for 50% of the projects in the region’s total pipeline.
The Q4 2023 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the global hotel construction pipeline hit all-time high project counts at Q4. There are 6,160 projects/1,096,748 rooms currently under construction worldwide at Q4 ’23, for a 2% increase by projects YOY. At Q4, the U.S.
Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the construction pipeline at the close of the first quarter. hotel construction pipeline at the close of Q1 2023. construction pipeline appeared first on hotelbusiness.com.
Construction Pipeline Trend Report from Lodging Econometrics (LE) reports that, at the close of the first quarter, the top five markets with the largest construction pipelines are led by Dallas with 185 projects/21,882 rooms, slightly below record-highs recorded at the end of Q4 2023. The recent U.S. In the top 25 U.S.
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