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In the recently released United States ConstructionPipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the constructionpipeline at the close of the first quarter. Hotel ConstructionPipeline appeared first on LODGING Magazine.
According to Lodging Econometrics’ (LE’s) ConstructionPipeline Trend Report for Q1 2023, the hotel constructionpipeline in Latin America, quarter-over-quarter, has increased 2% by projects and 3% by rooms. Of the 546 projects/90,193 rooms
In the recently released United States ConstructionPipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the constructionpipeline at the close of the first quarter.
As seen in the most recent ConstructionPipeline Trend Report for China from Lodging Econometrics (LE), the country’s pipeline stands at 3,666 projects/678,965 rooms. At the close of the second quarter, the total pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the second quarter of 2022.
(NYSE: CHH) continues its growth in the extended stay segment with three new Everhome Suites under construction, and six more in various stages of development across the Southern California region. Choice’s extended stay domestic pipeline increased 12 percent year over year to over 47,000 rooms in the third quarter of this year.
percent of rooms currently under construction represent chains. Currently, there are 760,000 hotel rooms in various stages of planning, final planning, or construction, […] The post Inside the Current Pipeline: Chains Represent 80 Percent of U.S. Hotel Construction appeared first on LODGING Magazine. room supply.
Hotel ConstructionPipeline Trend Report from Lodging Econometrics (LE), the total U.S. pipeline stands at 6,211 projects/722,821 rooms, up 9% by projects and 7% by rooms year-over-year (YOY). surpassing previous pipeline records. pipeline, reaching a new all-time high of 2,315 projects/224,703 rooms.
ConstructionPipeline Trend Report from Lodging Econometrics (LE), the market with the largest hotel constructionpipeline 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.
ATLANTA—Hilton announced the opening of the 976-room Signia by Hilton Atlanta, marking the first new build and Georgia hotel for the Signia by Hilton brand. Inclusive of the property’s debut, Atlanta represents Hilton’s largest market globally by number of hotels with a portfolio of 136 hotels across 13 brands.
In total, Choice Hotels has four Everhome Suites open, 65 in the pipeline, over 20 under construction, and more than 15 expected to open within the next 12 months. As of the end of Q2 2024, Choice has nearly 400 hotels in the pipeline across four extended stay brands.
According to the Q2 2023 United States ConstructionPipeline Trend Report by Lodging Econometrics (LE), at the close of the second quarter, the hotel constructionpipeline stands at 5,572 projects/660,061 rooms, with projects up 7% year-over-year (YOY) and rooms up 6% YOY. constructionpipeline.
Across the hospitality industry, Choice has the fastest-growing economy extended stay portfolio and leads in the economy new construction category, according to August 2024 STR Pipeline Data.
In the latest United States ConstructionPipeline Trend Report from Lodging Econometrics (LE), analysts report that constructionpipeline 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.
ConstructionPipeline Trend Report released by Lodging Econometrics (LE) , LE analysts report that as a group, year-over-year the hotel constructionpipeline 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 2022 alone, three new extended-stay brands were announced: Extended Stay America Premier Suites, ECHO Suites by Wyndham and Home by BWH. Since 2017, nine new extended-stay brands have launched. From Q3 ’21 to Q3 ’22, the extended stay new constructionpipeline grew 26% Year-Over-Year (YOY) by rooms.
Evolving guest preferences continue to shape our strategy in each of our markets, and our clear and distinct brand architecture featuring 10 unique brands are designed to be relevant to both owners as well as our guests. What SEAP markets are a key focus for Radisson Hotel Group and why?
BWH Hotels is tapping into demand from price-conscious travellers with the signing of three new economy hotels, under SureStay Hotels branding, in Australasia. The brand has experience rapid growth across key markets globally, with BWH reporting that there are over 450 current properties accounting for 30,000+ rooms within the portfolio.
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 constructionpipeline, 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.
InterContinental Hotels Group (IHG) has acquired premium urban lifestyle brand, Ruby, for 110.5 Established in 2013, the Ruby brand 20 th brand in the IHG portfolio currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms).
ConstructionPipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the constructionpipeline at the close of the first quarter. The leading brands by project count for the three companies with the largest pipelines in the U.S.
In the Q2 ‘23 Global ConstructionPipeline Trend Report from Lodging Econometrics (LE), analysts state that the total global constructionpipeline stands at 14,572 projects/2,310,238 rooms, up 3% year-over-year (YOY) by projects and 1% YOY by rooms. Following distantly is India with 480 projects/57,161 rooms, the U.K.
In the Q3 2022 Latin America ConstructionPipeline Trend Report from Lodging Econometrics (LE) , analysts report the total constructionpipeline stands at 548 projects/90,728 rooms, down 5% by projects and 12% by rooms, year-over-year (YOY). Brazil follows with 92 projects/15,420 rooms.
According to the latest Europe Hotel ConstructionPipeline Trend Report from Lodging Econometrics (LE) , analysts report that at the close of the first quarter, the country’s hotel constructionpipeline stands at 1,776 projects/266,901 rooms.
Over the last 12 months, new hotel construction projects, announced renovations and brand conversions continued to grow, with renovation and conversion activity hitting record highs quarter-over-quarter (QOQ). Renovation and brand conversion activity in the U.S. This activity is showing no signs of slowing.
According to the Q3 2024 Europe Hotel ConstructionPipeline Trend Report from Lodging Econometrics (LE), analysts report that the region’s total pipeline stands at 1,645 projects/244,548 rooms. Combined, hotel renovations and brand conversions total 637 projects/81,526 rooms.
The company’s development pipeline consists of nearly 2,000 hotels and approximately 243,000 rooms, an all-time record for the latter. Increased interest from hotel owners in our brands has propelled our development pipeline to a record 243,000 rooms, marking an impressive 8% increase. and growth of 14% internationally.
According to the most recent ConstructionPipeline Trend Report for the U.S. constructionpipeline 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.
The Q1 2024 Global Hotel ConstructionPipeline 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.
Hilton is set to open its first modular hotel in Australia under its fast-growing Hilton Garden Inn brand. The hotel will be modular constructed, which is a great way to reduce construction time and lower building costs. The hotel will feature a restaurant and bar, meeting rooms, a fully equipped gym, and a swimming pool. “We
Lodging Econometrics (LE) reports that both Canada and Latin America saw growth in their respective hotel constructionpipelines for 2022. At year-end 2022, projects presently under construction in Canada stand at 52 projects/6,593 rooms. Canada had 29 new hotels, accounting for 3,213 rooms open in 2022. room supply increase.
ConstructionPipeline Trend Report from Lodging Econometrics (LE) reports that, at the close of the first quarter, the top five markets with the largest constructionpipelines 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.
Drury Hotels ‘ newest property, Drury Plaza Hotel North Charleston, is now under construction. With 252 guestrooms, it will be the brand’s second hotel in South Carolina and the seventh across the Carolinas. The post Drury Hotels begins construction on Charleston hotel appeared first on hotelbusiness.com.
With this opening, the company has four Everhome Suites open, over 60 in development, 20 under construction, and more than 10 are expected to open within the next year. In the category, Choice has more than 400 properties in the pipeline across its four extended-stay brands, as of the first quarter of 2024.
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 the Q2 2023 Latin America Hotel ConstructionPipeline Trend Report from Lodging Econometrics (LE), the region’s total constructionpipeline includes 552 projects/88,477 rooms. Twenty-seven projects accounting for 3,796 rooms started construction in Q2.
I am deeply honored and thrilled to introduce the 25hours brand to the Pacific region,” said Kypriotis. The strong interest we’re seeing in our brands from hotel owners and developers in Australasia has been remarkable,” Aklin said. The vibrant soulful culture of the 25hours Tribe resonate deeply with me.
In the Q3 2023 China ConstructionPipeline Trend Report by Lodging Econometrics (LE) , at the end of the quarter, China’s total constructionpipeline reached a record high of 3,720 projects with 686,017 rooms, up 3% by projects and unchanged by rooms year-over-year (YOY).
Swinerton has been chosen as the general contractor for the construction of the Chambray Hotel, a five-story property in Roswell, GA. The hotel, which will be part of the JdV by Hyatt soft brand, is being developed by a joint venture between DSM Real Estate Partners and Garage Cap. The Chambray Hotel will feature 125 rooms.
According to the latest China ConstructionPipeline Trend Report from Lodging Econometrics (LE), China’s total hotel constructionpipeline stands at 3,659 projects/680,959 rooms at the end of Q1‘23, down 1% by projects and 3% by rooms year-over-year (YOY).
According to the Q1 2023 ConstructionPipeline Trend Report for the Middle East from Lodging Econometrics (LE) , the hotel constructionpipeline in the region increased to 581 projects/147,356 rooms, up 8% by projects and 6% by rooms year-over-year (YOY). These trends continue to show developer enthusiasm in the region.
Hilton also achieved record signings in 2023, boosting its development pipeline by nearly 1,000 hotels, representing 130,000 rooms, up 45% from the year prior and well ahead of pre-pandemic levels. The company’s pipeline is now the largest in its history with nearly 3,300 hotels, totalling more than 462,000 rooms.
As seen in the most recent ConstructionPipeline Trend Report for China from Lodging Econometrics (LE), the country’s pipeline stands at 3,666 projects/678,965 rooms. At the close of the second quarter, the total pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the second quarter of 2022.
In the year-end 2022 Europe Hotel ConstructionPipeline Trend Report from Lodging Econometrics (LE) , analysts report that at the close of the fourth quarter, Europe’s total constructionpipeline stood at 1,711 projects/260,911 rooms. Through the fourth quarter of 2022, 373 new hotels with 55,647 rooms opened in Europe.
Construction of the 206-room Hobart hotel, which is within walking distance of the CBD, is at an advanced stage, according to Hilton. We are excited to bring yet another new brand offering to Tasmania with the very first Hilton branded hotel [in the state], Koh said. “We
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