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PolyU develops the first self-adaptive platform for tourism demand forecasts across the Greater Bay Area

Hospitality Net

Total international visitor arrivals to the Greater Bay Area (GBA) are forecasted to recover to the pre-pandemic level at close to 130 million by the end of 2024, and the total number of inbound visitor arrivals to Hong Kong to recover to the 2018 level of 65 million by 2025.

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LE Forecasts Over 1,100 New Hotels to Open in Europe by 2026

Hospitality Net

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.

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CBRE forecasts RevPAR growth to improve in H2

Hotel Business

The company’s latest forecast projects a 2% increase in RevPAR growth for 2024, down from the 3% estimated in February. CBRE forecasts GDP growth of 2.3% CBRE forecasts GDP growth of 2.3% The post CBRE forecasts RevPAR growth to improve in H2 appeared first on hotelbusiness.com. and average inflation of 3.2%

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Record-Breaking Hotel Construction Pipeline in China: Q2 2024 Highlights and Future Forecasts

Hospitality Net

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.

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Dallas at Forefront of U.S. Hotel Development; New Forecast for Hotel Openings for 2026

Hospitality Net

According to the recent Q2 2024 United States Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter, the five markets with the largest hotel construction pipelines are led by Dallas with 189 projects, just four projects shy of its record-high at the end of Q4 2023, and a new record-high 22,392 rooms.

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U.S. Pipeline Remains Steady; 2025 Supply Growth Forecast is 1.5%

Hospitality Net

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.

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LE: Canada’s construction pipeline closes 2023 with a 10% YOY increase

Hotel Business

At the close of 2023, there are 66 projects/8,998 rooms under construction, up 27% by projects and 36% by rooms YOY. LE analysts expect Canada’s hotel construction pipeline to remain strong and continue to expand through 2024 as construction starts in the country increased 44% YOY by projects and 49% by rooms at the close of Q4.