Remove Market Remove Pipeline Remove Scale
article thumbnail

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.

Marketing 100
article thumbnail

Luxury projects hit historic highs while limited-service hotel development booms in the United States

Hotel Business

The hotel development pipeline in the U.S. According to recent data from Lodging Econometrics (LE) , while luxury hotels continue to target high-net-worth travelers with opulent new builds, the most dynamic growth continues to occur in the upper-midscale chain scale. Currently, full-service properties represent 19% of total U.S.

Services 111
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: Charlotte’s construction pipeline at 67 projects

Hotel Business

Lodging Econometrics (LE) has released the Q1 hotel development data for the Charlotte market ahead of the Hospitality Industry Technology Exposition and Conference (HITEC). markets by project counts. Within the Charlotte market, at the close of the first quarter, hotels under construction stand at 11 projects/1,435 rooms.

article thumbnail

U.S. Hotel Industry Midyear Review: Market Trends, Inflation Impact, and Future Outlook for 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.

Marketing 100
article thumbnail

Financial Advisor Marketing Strategies — The Key to Scaling

MediaBoom

using effective financial advisor marketing strategies is crucial to set your business apart. Knowing how to strategize and market your brand will give you an edge over your competition and boost business. But how do these marketing strategies ensure business development in such a saturated space?

article thumbnail

LE: U.S. development pipeline reaches all-time high

Hotel Business

Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. The details can be seen directly within the stages of the pipeline, which all saw YOY growth in Q1. As seen in the Q1 2024 U.S. resulting in a 1.5%

article thumbnail

STR: U.S. hotel pipeline shows confidence in business travel

Hotel Business

development pipeline. hotel pipeline March 2023 (percentage change in comparison with March 2022): In construction: 154,284 rooms (-0.5%) Final planning: 239,995 rooms (+34.6%) Planning: 232,517 rooms (-21.6%) After three consecutive month-over-month increases, the overall number of U.S. of the segment’s existing supply. ” U.S.

Pipeline 107