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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. Year-over-year, the top 25 markets in the U.S., LE is forecasting the top 50 markets to open 319 new hotels/42,743 rooms in 2023.
Numerous shifts in both consumer behavior and the labor market have already left a lasting impact on restaurateurs. The GDP recovered to its pre-COVID level this past July, but with this growth arrived a more unsettled labor market, intensified competition for talent, spiked inflation and exacerbated ongoing supply chain pressures.
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Construction Pipeline Trend Report by Lodging Econometrics (LE) sheds light on dynamic trends across key markets. Other markets like Atlanta, Nashville, Inland Empire, Phoenix and Los Angeles follow suit, signifying a dynamic landscape of upcoming projects. Forty-three of the top 50 markets in the U.S. Throughout 2023, the U.S.
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million Chinese tourists entered Australia each year before the pandemic (Statista). In this article, we’ll take a look at some key statistics about the market in general, and the situation regarding our recovery from the pandemic. The opening of China’s border is also extremely promising as 1.4 since last year (IBISWorld).
The shortage of workers is putting upward pressure on wages and other labor costs, as some operators are offering signing bonuses and extra benefits to be more competitive in a tight job market. QSR MarketingForecast. “Plant-based is no longer just a niche player in the foodservice market. percent, compared with 3.1
While it is appropriate for students with little or no hotel education and experience, it is designed for industry professionals looking to enhance their analytical skills to thoroughly understand the process of performing hotel valuations and market studies.”
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It is a broad market, including anything from youth hostels to motels, economy to mid-market, luxury, long-stay hotels and serviced apartments, to resort hotels and professionally run Air BnBs. For this reason, many hotel businesses now use a set of marketforecasting tools that involve, for example, flight data.
This year, HAMA has partnered with HotStats for benchmarking data and LARC for a marketforecast of Boston. Participating students from more than 40 undergraduate and graduate programs nationwide are given a return on investment scenario to analyze and formulate a recommendation to improve the business.
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