Remove Closing Remove Pipeline Remove Scale
article thumbnail

Higher-End Chain Scale Projects Dominate the Middle East Hotel Construction Pipeline, Reaching Record Highs at Q3 Close

Hospitality Net

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).

Pipeline 178
article thumbnail

LE: APEC construction pipeline reaches new highs in Q3

Hotel Business

The hotel development pipeline across the Asia-Pacific, excluding China, region (APEC) continued its notable growth trajectory through the third quarter of 2024, according to the latest Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

LE: Record number of projects in U.S. construction pipeline

Hotel Business

Hotel Construction Pipeline 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. supply increase.

Pipeline 105
article thumbnail

LE: Middle East Q3 pipeline up 4%

Hotel Business

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).

article thumbnail

LE: Latin America construction pipeline expands 11% annually

Hotel Business

Lodging Econometrics’ (LE) Q3 2024 Latin America Construction Pipeline Trend report signals growth for the region’s hospitality industry. The pipeline currently stands at 642 projects and 104,513 rooms, representing robust year-over-year (YoY) increases of 11% in project count and 10% in room count.

article thumbnail

LE: China has record-breaking construction pipeline

Hotel Business

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.

article thumbnail

LE: Luxury, upscale projects lead Middle East construction pipeline

Hotel Business

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. Projects in early planning at the close of the second quarter stand at 162 projects with 31,515 rooms.