This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
According to the Q3 2023 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the third quarter, the hotel construction pipeline in the region stands at 585 projects/139,582 rooms. Project counts in the region are up 9%, while room counts show a 3% increase year-over-year (YOY).
Construction is underway on the second and final stage of Capella Sydney which will see further development of state-significant heritage-listed buildings to establish larger-scale event and meeting spaces, curated retailers, and signature food and beverage venues.
Market challenges Upward pressure on construction costs There’s no doubting the last few years have been challenging ones for the property sector, which has experienced significant increases in the price of commercial construction since the pandemic.
In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. continue to increase, standing at 5,545 projects/658,207 rooms at the close of Q1 2023. construction pipeline at Q1. construction pipeline at Q1.
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. increase in new supply.
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.
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.
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.
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. Upper-midscale projects closed the first quarter with 305 projects/46,020 rooms. with 321 projects/45,257 rooms.
According to Lodging Econometrics ’ (LE’s) Construction Pipeline Trend Report for Q1 2023, the hotel construction pipeline in Latin America, quarter-over-quarter, has increased 2% by projects and 3% by rooms. Of the 546 projects/90,193 rooms, 226 projects/40,034 rooms are under construction throughout Latin America.
While in Philippines, we closed the year with a further two new signings that will launch the Radisson Collection brand in Boracay, and the Radisson Individuals affiliation brand in Bohol. What makes Radisson Red and Radisson Collection suited to this market? What segments are primed for growth in this region?
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.
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. Projects in early planning grew 4% YOY at Q2 to close the quarter at 682 projects/130,715 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. The post LE: APEC construction pipeline breaks all-time record appeared first on hotelbusiness.com.
According to the most recent Construction Pipeline Trend Report for the U.S. by Lodging Econometrics (LE), at the close of Q3 2023, the total U.S. construction pipeline stands at 5,704 projects/672,676 rooms, up 7% year-over-year (YOY) by projects and rooms. hotel construction pipeline. hotel construction pipeline.
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.
In the Q3 2023 China Construction Pipeline Trend Report by Lodging Econometrics (LE) , at the end of the quarter, China’s total construction pipeline reached a record high of 3,720 projects with 686,017 rooms, up 3% by projects and unchanged by rooms year-over-year (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.
The Q2 2024 Canada Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that at the close of Q2, there are 322 projects/40,297 rooms in the country’s total pipeline. The post LE Reports 54-per-cent Increase in Projects under Construction in Canada at Q2 2024 appeared first on Hotelier Magazine.
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. The post LE: Canada sees 54% increase in under-construction projects in Q2 2024 appeared first on hotelbusiness.com.
According to the Q4 2022 Construction Pipeline Trend Report for the Asia-Pacific region, excluding China, from Lodging Econometrics (LE), the region’s total construction pipeline stands at 1,903 projects/404,222 rooms, up 5% by projects and 2% by rooms year-over-year (YOY).
Construction marketing is a must, as digital marketing resource WebFX reports that seven million people per month will use Google to search for contractors. What is marketing for construction companies? Marketing services can assist construction businesses in achieving their goals. What Is Construction Marketing?
According to the Q3 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, the hotel construction pipeline in the region stands at 535 projects/134,897 rooms. At the close of the third quarter, projects presently under construction stand at 320 projects/87,149 rooms.
Construction Pipeline Trend Report from Lodging Econometrics (LE), the pipeline stands at 5,964 projects/693,963 rooms. At the close of 2023’s fourth quarter, there are 1,118 projects/141,768 rooms under construction, up 11% by projects and 5% by rooms YOY. According to the 2023 year-end U.S. hotel development in the year ahead.
As seen in the most recent Construction Pipeline 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.
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.
In the recently released Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), Asia-Pacific’s total construction pipeline, excluding China, continued to show steady year-over-year (YOY) growth to end the third quarter of 2023 at 1,929 projects/398,199 rooms, up 3% by projects YOY.
Their attention to detail and ability to deliver a project of this scale on time and to such a high standard has been exceptional. Dezign, the renowned design and construction studio behind the project, utilized its signature methodology to deliver this remarkable transformation.
million loan to finance the construction of the Cambria Hotel Hillsboro, a four-story, 115-key asset in Hillsboro, OR. upscale hotel will be constructed on land that is owned by Majestic Realty Co., The post Palladius, Marquee JV provides construction financing appeared first on hotelbusiness.com. The 22,000 sq.-ft.
According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE) , China’s total hotel construction pipeline remained stable at 3,779 projects/681,915 rooms at the close of the fourth quarter of 2024, showing minimal change year-over-year (YOY).
Award-winning Czech architect Petr Kolar was inspired by this namesake, and the 47 stylish villas were constructed to form the head of the turtle with the island itself creating the body – seen by guests making the 45-minute private sea-plane journey from Mal.
According to the Q3 2023 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the third quarter, the hotel construction pipeline in the region stands at 585 projects/139,582 rooms. Project counts in the region are up 9%, while room counts show a 3% increase year-over-year (YOY).
In the Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report the total construction pipeline stands at 579 projects/95,144 rooms at the close of Q3 2023. Similarly, construction starts are the highest they’ve been since Q3 2019, standing at 54 projects/9,433 rooms.
As seen in the Q3 2024 Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , the hotel construction pipeline in the region shows upward momentum, standing at 610 projects/149,686 rooms, up 4% by projects and 7% by rooms year-over-year (YOY).
In the Q2 2024 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report the region’s total pipeline stands at 1,680 projects/249,454 rooms at the quarter’s close. At Q2, most pipeline projects in Europe are concentrated in the upper-upscale, upscale and upper-midscale chain scales.
In the Q3 2023 Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE) , analysts state that Europe’s total construction pipeline currently stands at 1,673 projects/249,264 rooms, up 1% by projects year-over-year (YOY). The upper upscale chain scale increased 3% by projects YOY, with 284 projects/46,717 rooms.
According to the Q3 2023 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE) , at the end of the third quarter, the hotel construction pipeline in the region stands at 585 projects/139,582 rooms. Projects presently under construction stand at 320 projects/83,760 rooms.
The Q2 2024 Latin America construction pipeline trend report from Lodging Econometrics (LE) indicates a positive growth trajectory for the region’s hospitality sector, with stable growth in new hotel openings forecast through 2026. These two countries account for 52% of the projects and 49% of the rooms in the total pipeline.
With a strong recovery in overall demand, positive supply dynamics; the recent development and expansion of large-scale entertainment and convention venues; and the upcoming Super Bowl LVIII, we expect performance for Las Vegas and for this hotel to continue to strengthen.” The attractive purchase price is just under a 10.7x
Whether open or closed, their façades – the two protective envelopes – offer unobstructed views of the forest and lakes. The outer structure is either closed or perforated. Image credit: David Rosemberg In this project, the choice of materials and construction methods accentuates the experience of total contact with nature.
Casino & Hotel is expected to generate: $2.8 The joint venture partnership is the first-of-its-kind in the gaming and entertainment industry to have a minority-owned business enterprise as co-development partner, according to the companies.
Krister will also work closely with leaders across Marriott’s Australian hotels to drive Marriott’s legacy in luxury. Neerav Gorasia Pro-invest Group is also scaling up its Revenue Centre capabilities to support all 32 Pro-invest Group and Vista Hospitality Group hotels and restaurants, through sales, marketing, and revenue management.
I was wondering how come they have not been able to scale. But if you look closely, s/he spends most of their time working with only one property i.e. your hotel. Myth #9: Hotels under construction shouldn’t consider revenue management Your hotel is still under construction? In 2019, I was in Matheran.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content