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Construction Pipeline Trend Report by Lodging Econometrics (LE) shed light on cross-market trends. Construction Pipeline appeared first on LODGING Magazine. In the ever-changing landscape of the U.S. hospitality industry, the Q4 2023 U.S. Following closely was Atlanta, setting its own record with 151 projects/18,730 rooms.
hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data. Hotel PipelineMarch 2024 Percentage change from March 2023In construction: 156,525 rooms (up 1.5 Hotel PipelineMarch 2024 Percentage change from March 2023In construction: 156,525 rooms (up 1.5
The Q2 2024 Global Construction Pipeline Trend Report by Lodging Econometrics (LE) stated that the total pipeline ascended to a record-high 15,453 projects with 2,395,726 rooms, up 6 percent by projects year-over-year (YOY) and 4 percent by rooms.
Construction Pipeline Trend Report from Lodging Econometrics (LE) reported that, at the close of the first quarter, the top five markets with the largest hotel construction pipelines were led by Dallas with 185 projects/21,882 rooms, slightly below record-highs recorded at the end of Q4 2023. The recent U.S.
According to the most recent Construction Pipeline Trend Report for the United States by Lodging Econometrics (LE), at the close of Q3 2023, the total U.S. construction pipeline stood at 5,704 projects/672,676 rooms, up 7 percent year-over-year (YOY) by projects and rooms.
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 were 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.
hotel rooms under construction increased year over year for a seventh consecutive month, according to CoStar’s latest September 2024 data. Hotel Rooms Under Construction Increases for Seventh Consecutive Month appeared first on LODGING Magazine. WASHINGTON—The volume of U.S. The post CoStar: U.S.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there were 6,065 projects with 702,990 rooms in the pipeline. Hotel Construction Pipeline Shows Robust Growth appeared first on LODGING Magazine. As seen in the Q1 2024 U.S.
hotel rooms under construction reached its highest level in 16 months, according to CoStar’s latest June 2024 data. Hotel PipelineJune 2024 Percentage change from June 2023In construction: 157,713 rooms (up 5.5 Hotel PipelineJune 2024 Percentage change from June 2023In construction: 157,713 rooms (up 5.5
In the Q1 2024 LE Market Trend Report for New York, analysts report the market had 78 projects/13,549 rooms in the hotel construction pipeline, the 10th largest pipeline by projects of any market in the United States. Markets in Under-Construction Hotels appeared first on LODGING Magazine.
LONDON—Each of the four world regions showed a year-over-year decline in hotel construction activity. March 2023 (changes in comparison with March 2022) were as follows: Europe Germany (34,030) and the United Kingdom (29,160) lead Europe in total rooms in construction.
In the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the construction pipeline at the close of the first quarter. Hotel Construction Pipeline appeared first on LODGING Magazine.
hotel rooms under construction increased year over year for a seventh consecutive month, according to CoStar’s latest September 2024 data. The volume of U.S. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.U.S.
announces today a key milestone thanks in large part to its construction partner BYD TCI Construction. Andaz Turks & Caicos at Grace Bay, developed by Vista Development Inc., The project recently celebrated the topping off with a ceremony at the site of the future resort and luxury residences.
Andaz Turks & Caicos closed the final phase of financing and will immediately begin construction, marking an important milestone for the highly-anticipated resort and residential property that is poised to bring a fresh, modern luxury offering to the island and famed Grace Bay Beach.
Island Hospitality Management announced its selection as the management company for the under-construction TownePlace Suites by Marriott, situated in the heart of downtown San Jose.
Will this construction frenzy lead to a green revolution? Skift Take: While the booming hotel development pipeline in Saudi Arabia is expected to cause disruptions, the hotel industry sees an opportunity to prioritize ESG goals. Peden Doma Bhutia Read the Complete Story On Skift
The beginning of construction was celebrated on location, where Royal Caribbean Group President and CEO Jason Liberty and Royal Caribbean International President and CEO Michael Bayley were joined by The Bahamas’ Prime Minister Philip Davis and Deputy Prime Minister I.
Wynn Resorts, Limited offered an update today on the construction progress of its newest resort, Wynn Al Marjan Island, the first integrated resort in the United Arab Emirates. Wynn Al Marjan Island is located 50 minutes from the Dubai International Airport in the emirate of Ras Al Khaimah.
Olson Construction, an award-winning general contracting firm in California, has announced groundbreaking on Appellation Healdsburg in Healdsburg’s North Village, a partnership between BIA’s Builder of the Year, Comstock Development, Chef Charlie Palmer and Christopher Hunsberger’s newest hotels under the Appellation brand.
Construction is underway on DCF Property Group’s $180 million First Light development in Melbourne’s Domain Precinct, which will be home to branded residences and the first Nu By Yoo hotel in Australia. The post Construction underway on 97-key Nu By Yoo hotel in Melbourne appeared first on Hotel Management.
Construction has commenced on Peppers Gladstone, marking the first new hotel construction in the region in over a decade. “We The post Five-star Peppers hotel under construction as part of dual-branded Gladstone property appeared first on Hotel Management.
The Q4 2023 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the global hotel construction pipeline hit all-time high project counts at Q4.
hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data. The volume of U.S. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
The Q1 2024 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) reveals, at Q1, the hotel construction pipeline in the region increased to 612 projects/144,222 rooms, up 5% by projects year-over-year (YOY).
According to the Q3 2024 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the region’s total pipeline stands at 1,645 projects/244,548 rooms.
Ladun Investment Company signed a partnership agreement with award-winning hospitality group, Cheval Collection featuring numerous contracts for the construction and operation of Cheval Ladun Living - a tower featuring luxury hotel apartments situated on King Fahd Road (near King Abdullah Financial Center) in Riyadh.
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).
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. The total pipeline in the country continues to expand, increasing 3% by projects and 2% by rooms year-over-year (YOY).
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.
According to the recent Construction Pipeline Trend Report from Lodging Econometrics (LE), the total hotel construction pipeline in the Asia Pacific excluding China (APEC) increased 4% year-over-year (YOY) and closed 2023’s fourth quarter with a record-high 1,977 projects and 402,156 rooms.
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.
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.
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 Hotels International, Inc.
Skift Take: The Middle East is one of the few regions to already be ahead of 2019 tourism, led by Saudi Arabia's transformation plan. Josh Corder Read the Complete Story On Skift
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).
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.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. According to the Q3 2024 U.S. pipeline stands at 6,211 projects/722,821 rooms, up 9% by projects and 7% by rooms Year-Over-Year (YOY). This marks a new all-time high for projects in the U.S., surpassing previous pipeline records.
Skift Take: Destinations in the Middle East understand that to realize their very ambitious tourism goals, they need to create enough infrastructure. Little wonder then that Saudi Arabia is now racing ahead of United Arab Emirates to build more hotel rooms. Peden Doma Bhutia Read the Complete Story On Skift
The recent Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the region’s total pipeline stands at 1,706 projects/254,937 rooms at the end of Q4 ‘23.
The latest Latin America Construction Pipeline Trend Report by Lodging Econometrics (LE) reveals robust growth in the region’s hotel construction sector.
The Q1 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) revealed that the total global pipeline hit an all-time high for room counts and highlighted an increase in full-service projects at the close of the first quarter.
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).
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