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hospitality industry, the Q4 2023 U.S. Construction Pipeline Trend Report by Lodging Econometrics (LE) shed light on cross-market trends. Dallas emerged as the strongest market, leading the nation with a record-breaking 193 projects/22,291 rooms, signifying Dallas’s growth and confidence in the hospitality sector.
Lodging Econometrics (LE) released the latest hotel development for the New York market before the NYU International Hospitality Industry Investment Conference (NYU Conference). Markets in Under-Construction Hotels appeared first on LODGING Magazine.
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.
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.
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.
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.
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.
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.
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.
RICHMOND, Virginia—Sandpiper Hospitality has been named manager of the ECHO Suites Extended Stay by Wyndham Spartanburg in Spartanburg, South Carolina. Each of the 124 suites in the newly constructed hotel includes a kitchenette with two stovetop burners, a full refrigerator, and a microwave.
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.
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. These record-high project and room counts represent a 17% increase in projects and an 8% increase in rooms year-over-year (YOY).
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.
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.
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).
The challenge for hoteliers will be to keep the momentum building, especially if construction continues to move slowly and consumer spending habits start to cool. Oracle Hospitality Read the Complete Story On Skift
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.
Each of the four world regions showed a year-over-year decline in hotel construction activity, with Asia Pacific coming closest to its 2022 comparable, according to March 2023 pipeline data from STR.
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).
ONYX Hospitality Group, a prominent player in the Asian hospitality industry, has achieved a significant milestone with the signing of Amari Vientiane in Laos, marking the group’s second Amari brand property in the country, complementing Amari Vang Vieng.
According to the Q4 2023 Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), projects and room counts in the region’s total construction pipeline each increased by 11% each year-over-year (YOY) to stand at 594 projects and 97,679 rooms at the close of the quarter.
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.
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).
SPARTANBURG, South Carolina—Dennis Mitchell has been promoted to vice president of development and construction for OTO Development. OTO Development, part of The Johnson Group, is a private hospitality company that develops, owns, and operates upscale select-service hotels throughout the continental United States.
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.
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.
announced its origination of construction financing for the Moxy Centennial Olympic Park, located in Atlanta’s downtown entertainment district. The project is being developed through a partnership between Atlanta-based Nexera Capital and Emerge Hospitality Group. NEW YORK, New York—The LCP Group, L.P.,
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).
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.
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.
Recently, a major hotel chain top executive stated that "Hospitality will never be fully digitized.” Hospitality, like all other industries with physical assets, simply cannot be fully digitized, including industries such as agriculture, construction, manufacturing, commercial real estate, healthcare, etc. I agree 100%.
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.
In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. At the close of the first quarter, projects currently under construction stand at 1,051 projects/140,365 rooms, each showing 9% growth YOY.
The latest Latin America Construction Pipeline Trend Report by Lodging Econometrics (LE) reveals robust growth in the region’s hotel construction sector.
According to the Q1 2023 Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the hotel construction pipeline in the region increased to 581 projects/147,356 rooms, up 8% by projects and 6% by rooms year-over-year (YOY).
However, I am most excited to build a team that will bring a new era of hospitality to Sydney, shaping and transforming Paddington. “In Langham appoints Alison Hulm to Australasia development role Langham Hospitality Group has appointed Alison Hulm to the newly created role of Director – Development, Australasia.
Award-winning strategy, branding and interior design firm EDG Design has launched its latest hospitality project for the newly opened Pullman Singapore Orchard.
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 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.
Aspen Hospitality, the hospitality division of Aspen Skiing Company officially transitioned the Hotel Born, located adjacent to Denver’s Union Station, to Limelight Denver, effective today. The hotel is the first urban location for the Limelight brand, and joins the existing Limelight portfolio in Aspen and Snowmass, Colo.,
Officials of Strand Hospitality, a leading regional hotel management company, today announced the grand opening of the 98-room Fairfield Inn & Suites Coastal Carolina Conway in Conway, South Carolina. The hotel was developed by Southern Ventures and built by Dargan Construction Company out of Myrtle Beach, S.C.
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
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