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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.
. — 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.
Across the hospitality industry, the company has the fastest-growing economy extended-stay portfolio and leads in the economy new-construction category, according to STR pipeline data through August. WoodSpring Suites is on track for another record opening year with a forecast of 25 openings by year-end. 1 and Sept.
The hotel development pipeline in the U.S. 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. Limited-service development continues to dominate the U.S.
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