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Upscale and Upper Midscale Chain Scales Reach New Highs as China’s Construction Pipeline Grows

Hospitality Net

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).

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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).

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Foundation to Finishing: Construction Management’s Vital Role in Hotel Development and Revitalization

Hospitality Net

It’s not surprising hotel construction is often a demanding and exciting process, as hotels need to have the comfort of a home and the durability for heavy usage of a restaurant on the scale of an office building.

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Construction begins on Capella Sydney’s mixed-use tourist hub

Hotel Management

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.

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Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

Hotel Management

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.

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Hospitality Market Update | July 2024

Hospitality Net

A midyear snapshot of performance in the top 65 markets in the US indicates that on a trailing 12-month basis through May, RevPAR is up slightly year over year (due to slight increases in both occupancy and ADR) and this is largely driven by increases in the top three chain scales: luxury, upscale and upper upscale.

Market 100
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Jeff Toscano named Aspen Hospitality CEO

Hotel Business

Aspen One , the parent company of Aspen Hospitality, Aspen Skiing Company and Aspen Ventures, has appointed Jeff Toscano as CEO of Aspen Hospitality. Toscano brings three decades of experience in the luxury-lifestyle market and is known for his ability to create, manage and scale a variety of assets, according to the company.