Press & Media

Press & Media

Read recent LE press releases for an inside look at global lodging real estate news, regional and individual market insights, and growth trends for leading Franchises Companies and brands.

  1. The Middle East Hotel Construction Pipeline Continues to Decline November 23, 2020
    According to the latest published Construction Pipeline Trend Report for the Middle East, analysts at Lodging Econometrics (LE) state at the end of the third quarter of 2020, the hotel construction pipeline in the Middle East declined again to 579 projects/168,042 rooms. The Middle East’s pipeline is down 7% by projects and 6% by rooms year-over-year (YOY). This is the fifth consecutive quarter the pipeline has declined since reaching its cyclical peak by projects in Q2 2019.

    Projects currently under construction stand at 359 projects/117,274 rooms, down slightly from the peak projects and rooms count set in Q2 ‘20. Projects scheduled to start construction in the next 12 months are down 41% by projects and 37% by rooms YOY to end the third quarter at 85 projects/20,753 rooms. Projects in the early planning stage are at 135 projects/30,015 rooms. Additionally, in the third quarter, the Middle East opened only 10 new hotels accounting for 1,779 rooms.

    Countries with the most projects in the construction pipeline are Saudi Arabia with 204 projects/69,743 rooms and the United Arab Emirates with 185 projects/54,533 rooms. Following distantly is Egypt with a record 58 projects/14,610 rooms, then Qatar with 56 projects/14,286 rooms, and Oman with 33 projects/6,615 rooms. Dubai continues to lead the construction pipeline in the United Arab Emirates with 146 projects/44,557 rooms.

    Fourty-four percent of the projects in the construction pipeline In the Middle East are found within these five cities: the Provincial region with 65 projects/13,852 rooms; Riyadh with 58 projects/11,796 rooms; Doha, Qatar with 49 projects/11,982 rooms; Jeddah with 48 projects/10,157 rooms; and Makkah with 33 projects/33,938 rooms.

    Forty-six percent of the projects in the pipeine in the Middle East belong to these leading franchise companies at the end of the third quarter: Hilton Worldwide with 95 projects/26,559 rooms, followed by Marriott International with 90 projects having 23,808 rooms. Next is Accor with 82 projects/24,724 rooms.

    The leading brands in the pipeline for these companies are Hilton’s DoubleTree with 25 projects/6,181 rooms, and Hilton Garden Inn, at an all-time high, with 22 projects/6,960 rooms; Marriott’s Courtyard with 21 projects/4,382 rooms and Residence Inn with a continued all-time high of 17 projects accounting for 2,057 rooms; Accor’s Ibis brands with 13 projects/4,474 rooms, Moevenpick with 11 projects/2,833 rooms and Adagio City Aparthotel with 11 projects/2,288 rooms.

  2. China’s Hotel Construction Pipeline Continues to Remain Robust at the Q3 2020 Close November 18, 2020
    According to the latest China Construction Pipeline Trend Report, analysts at Lodging Econometrics (LE) report that China’s total hotel construction pipeline remains robust at 3,409 projects/634,119 rooms, up 1% by projects and rooms year-over-year (YOY). These project and room counts are, however, down slightly over peak Q2 ’20 totals, which were the highest seen in China during this lodging real estate development cycle.

    There are currently 2,208 projects/405,530 rooms under construction in China, down YOY 13% by projects and 8% by rooms. Like last quarter, projects scheduled to start construction in the next 12 months experienced another quarter of substantial YOY increases of 85% by projects and 44% by rooms, to stand at 746 projects/122,014 rooms. These YOY highs in the starts next 12 month stage are attributed to a record number of pipeline projects within the upscale, upper midscale, and midscale chain scales. Projects in the early planning stage stand at 455 projects/106,575 rooms, up 6% by projects and 1% by rooms YOY. In the third quarter of 2020, China opened 185 new hotels totaling 23,605 rooms.

    Guangzhou leads China’s pipeline with a 137 projects/26,615 rooms. Chengdu follows with 131 projects/26,064 rooms. Next is Shanghai at 125 projects/23,296 rooms, then, Wuhan with 101 projects/13,899 rooms and Xi’an with 95 projects/16,882 rooms.

    Franchise companies topping China’s construction pipeline are Hilton Worldwide with record totals of 535 projects/107,848 rooms, InterContinental Hotels Group (IHG), also recording all-time high project and record counts with 424 projects/90,906 rooms, and Marriott International with 336 projects/90,333 rooms. Next is JinJiang Holdings with 250 projects/25,127 rooms and AccorHotels with 201 projects/34,655 rooms.

    Hilton Worldwide’s top brands are Hampton by Hilton, at an all-time high, with 325 projects/50,100 rooms. Hilton’s second-largest brand, also at an all-time high, is Hilton Garden Inn with 68 projects/15,653 rooms. IHG’s leading brand in China is Holiday Inn Express, at a record count, with 205 projects/34,785 rooms and then Holiday Inn, with a record number, at 69 projects/17,184 rooms. Marriott International’s top brands are Marriott Hotel & Resorts with 67 projects/20,150 rooms and Fairfield Inn with 47 projects/7,219 rooms. Another noteworthy brand for Marriott is Four Points Hotel, which is at a peak for projects and rooms count in China with 37 projects/11,048 rooms. Leading brands for JinJiang Holdings are 7 Days Inn with 106 projects/8,341 rooms followed by Vienna Hotel with 75 projects/7,394 rooms. AccorHotels’ leading brands are the Ibis brands with 79 projects/8,341 rooms, and Mercure Hotel with 57 projects/9,407 rooms.

    According to research by LE’s market intelligence team, hotel construction projects in most major cities have resumed as the country continues to maintain control of COVID-19.

    *COVID-19 (coronavirus) has had an unprecedented impact on the world and the hospitality industry. LE’s market intelligence department has and will continue to gather global hotel intelligence on the supply side of the lodging industry and make that information available to our subscribers. It is still early to predict the full impact the pandemic will have on the lodging industry. We will have more information to report in the coming months.

  3. Europe’s Hotel Construction Pipeline Increases Year-Over Year November 12, 2020
    According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter of 2020, Europe’s hotel construction pipeline increased 7% by projects and 11% by rooms year-over-year (YOY) to end the quarter with 1,834 projects and 291,823 rooms. Much like other regions around the world, Europe’s hotel construction pipeline is experiencing slight delays to project timelines of approximately two to four months. Even as much of Europe goes under lockdown in response to surging cases of COVID-19, forcing millions to stay home, construction remains essential and this has kept pipeline counts steady YOY.

    Rooms under construction stand at an all-time high of 151,471 rooms from 921 projects, and are up 11% by projects and 15% by rooms YOY. Projects scheduled to start construction in the next 12 months are at 478 projects/75,166 rooms, down slightly YOY. Projects in the early planning stage have 435 projects/65,186 rooms; up 13% and 18% respectively, YOY. During the third quarter of 2020, Europe opened 96 hotels/12,014 rooms, the most opened in Europe in a single quarter of 2020 thus far. Q3 ’20 also had a 38% increase in the total number of hotels that opened over Q2 ’20, a strong sign, certainly.

    The United Kingdom leads the construction pipeline with 345 projects/52,065 rooms, and then Germany with 310 projects/55,930 rooms. France follows with 168 projects/20,646 rooms. Next is Portugal, at an all-time high, with 124 projects/14,430 rooms, and then Poland with 91 projects/14,282 rooms.

    The cities in Europe with the largest pipelines include London with 91 projects/16,331 rooms, Dusseldorf, at all time record counts, with 60 projects/11,510 rooms, and Paris at 41 projects/6,351 rooms. Next is Moscow with 31 projects and a room count total of 6,430. This is followed by Hamburg with 31 projects/6,313 rooms.

    Accor Hotels leads franchise companies in Europe with the largest pipeline by projects, at 246 projects/34,483 rooms. Accor is followed by Marriott International, with 215 projects/35,817 rooms. Hilton Worldwide is next with, an all-time high of, 214 projects/33,641 rooms. Hilton is followed by InterContinental Hotels Group (IHG) with 152 projects/24,438 rooms.

    The leading brands for these four companies are Accor Hotel’s Ibis brands with 103 projects/13,389 rooms and then Mercure Hotels with 29 projects/3,463 rooms, a record high room count total; and Novotel with 26 projects/4,364 rooms. An up and coming brand for Accor is proving to be Tribe by Accor, with a record high 15 projects/2,467 rooms in the pipeline in Q3 ’20. Marriott International’s top brands are Moxy with 68 projects/12,187 rooms, Courtyard by Marriott with 26 projects/4,589 rooms, and Autograph Collection with 22 projects/2,873 rooms. Hilton Worldwide is led by Hampton by Hilton at all-time record high totals of 87 projects/13,635 rooms, Hilton Garden Inn with 47 projects/7,811 rooms, and DoubleTree by Hilton with an all-time high 31 projects having 4,011 rooms. IHG’s top brands include Holiday Inn Express with 65 projects/10,022 rooms, Holiday Inn with 28 projects/6,798 rooms, and Hotel Indigo with 16 projects/1,691 rooms.

    *COVID-19 (coronavirus) has had an unprecedented impact on the world and the hospitality industry. LE’s market intelligence department has and will continue to gather global hotel intelligence on the supply side of the lodging industry and make that information available to our subscribers. It is still early to predict the full impact the pandemic will have on the lodging industry. We will have more information to report in the coming months.

  4. At the end of 3Q 2020, the Latin America’s Hotel Construction Pipeline Continues to Decline November 9, 2020
    Analysts at Lodging Econometrics (LE) state in the Q3 ’20 Latin America Hotel Construction Pipeline Trend Report, that the total construction pipeline stands at 671 projects/116,731 rooms, down 7% by projects and 11% by rooms, year-over-year (YOY).

    Projects presently under construction stand at 344 projects/61,159 rooms, up 3% by projects and 1% by rooms, YOY. Projects scheduled to start construction in the next 12 months are at 186 projects/34,551 rooms. Projects in the early planning stage have experienced the sharpest decline, down 23% by projects and 40% by rooms YOY, settling in at 141 projects/21,021 rooms at Q3 close.

    Through the third quarter of 2020, 45 new hotels/8,608 rooms opened in Latin America. There were 29 new project announcements, a cyclical low project count for the region, accounting for 4,557 rooms. Construction starts are also the lowest they’ve been in this real estate cycle with Latin America only beginning 21 projects having 3,667 rooms.

    Five countries in Latin America’s construction pipeline account for 68% of the projects in the region. This is led by Mexico with 221 projects/39,886 rooms. Brazil follows with 129 projects/19,604 rooms. Next is Peru with 43 projects/5,719 rooms, then the Dominican Republic with 32 projects/6,488 rooms, and Cuba stands at 29 projects/8,243 rooms.

    Cities in Latin America with the largest pipelines include Lima, Peru with 32 projects/4,651 rooms; Mexico City, Mexico with 26 projects/4,004 rooms; Guadalajara, Mexico with 21 projects/2,777 rooms; Cancun, Mexico with 20 projects/10,009 rooms; and Sao Paulo, Brazil with 16 projects/2,671 rooms.

    Hotel franchise companies with the largest construction pipelines in Latin America are Marriott International with 115 projects/19,799 rooms, AccorHotels with 99 projects/12,936 rooms, Hilton Worldwide at a record high 97 projects/13,802 rooms, and InterContinental Hotels Group (IHG) with 57 projects/6,935 rooms. These four companies account for 55% of the projects in the total Latin America construction pipeline.

    Leading brands in the pipeline are AccorHotel’s Ibis brands with 68 projects/8,650 rooms, Hilton Garden Inn recording an all-time high of 27 projects/3,659 rooms and Hampton by Hilton with 25 projects/2,985 rooms, also at record counts. These are followed by IHG’s Holiday Inn Express with 15 projects/1,850 rooms and Marriott’s Fairfield Inn with 14 projects/2,081 rooms.

    *COVID-19 (coronavirus) has had an unprecedented impact on the world and the hospitality industry. LE’s market intelligence department has and will continue to gather global hotel intelligence on the supply side of the lodging industry and make that information available to our subscribers. It is still early to predict the full impact the pandemic will have on the lodging industry. We will have more information to report in the coming months.

  5. Canada’s Hotel Construction Pipeline Shows Signs of a Slight Decline in Q320 October 29, 2020
    According to analysts at Lodging Econometrics (LE), Canada’s hotel construction pipeline declined slightly at the close of Q3’20 to end the quarter at 277 projects/35,836 rooms. The construction pipeline in Canada is down 4% by projects and 7% by rooms, year-over-year (YOY).

    Projects under construction stand at 87 projects/10,321 rooms, up 2% by projects with no percentage change by rooms YOY. Projects scheduled to start construction in the next 12 months recorded 103 projects/12,037 rooms, down 18% by projects and 17% by rooms YOY, while projects in the early planning stage stand at 87 projects/13,478 rooms, up 10% by projects and similarly to projects under construction, did not have a percentage change by rooms YOY.

    Ontario continues to lead Canada’s construction pipeline with a record high 147 projects/18,163 rooms and accounts for 53% of the projects in Canada’s total pipeline. British Columbia follows with 42 projects/5,970 rooms and then Alberta with 30 projects/4,770 rooms and Quebec with 27 projects/3,613 rooms. Collectively, these four provinces account for 90% of the rooms in Canada’s Pipeline.

    The top five cities are led by Toronto with 57 projects/8,065 rooms and accounting for 23% of all the projects in Canada’s total construction pipeline. Following distantly is Montreal at record counts with 19 projects/2,595 rooms, Vancouver with 12 projects/1,662 room, Ottawa with 10 projects/1,783 rooms, and Niagara Falls with 10 projects/1,688 rooms. These five cities combined account for 44% of the rooms in the total pipeline.

    The top franchise companies in Canada’s construction pipeline are Hilton Worldwide at an all-time high with 68 projects/8,243 rooms and Marriott International with 66 projects/8,224 rooms. InterContinental Hotels Group (IHG) follows with 51 projects/4,854 rooms. Combined, these three franchise companies claim 67% of the projects in the total pipeline.

    The top brands in Canada’s pipeline are IHG’s Holiday Inn Express with 30 projects/2,929 rooms, and Hampton by Hilton with 29 projects/3,278 rooms. Fairfield Inn by Marriott follows with 16 projects/1,534 rooms, at an all-time high.

    Other notable brands in Canada’s pipeline are Marriott’s TownePlace Suites with 14 projects/1,546 rooms, Hilton’s Home2Suites, at an all-time high, with 13 projects/1,390 rooms, and Courtyard by Marriott with 12 projects/1,866 rooms.

  6. 68% of the projects in the United States Construction Pipeline belong to Marriott, Hilton and IHG October 28, 2020
    In the recently released quarterly United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest construction pipelines at the end of the third quarter of 2020 are Marriott International with 1,390 projects/184,450 rooms, followed by Hilton Worldwide with 1,351 projects/155,626 rooms, and InterContinental Hotels Group (IHG) with 873 projects/89,375 rooms. Combined these three companies account for 68% of the projects and 66% of the rooms in the total pipeline; roughly the same percentage it’s been quarter-over-quarter throughout 2020.

    Hilton’s Home2 Suites and IHG’s Holiday Inn Express continue to have the largest U.S. pipelines with 402 projects/42,036 rooms and 348 projects/33,351 rooms, respectively. Hampton by Hilton follows with 291 projects/30,140 rooms, then Tru by Hilton with 280 projects/26,991, and Marriott’s Fairfield Inn with 277 projects/27,005 rooms.

    Other notable brands in the pipeline for each of these franchise companies are Marriott’s Residence Inn with 198 projects/24,549 rooms, SpringHill Suites with 172 projects/19,594 rooms, and TownePlace Suites with 195 projects/19,616 rooms, and then IHG’s Avid Hotel with 185 projects/16,583 rooms.

    Through the third quarter of 2020, 599 new hotels with 68,712 rooms opened across the United States. Of those openings, Marriott, Hilton, and IHG branded hotels collectively accounted for 72% of these openings through Q3 ‘20. 173 of the hotels were Marriott brands, 170 were Hilton brandse, and another 86 were IHG brands. LE is expecting these top franchise companies to open another 202 hotels by the end of 2020.

    For 2021, these leading franchise companies are forecast to open 655 new hotels adding 77,101 rooms to the census of open and operating hotels in the U.S.

    *COVID-19 (coronavirus) has had an unprecedented impact on the world and the hospitality industry. LE’s market intelligence department has and will continue to gather global hotel intelligence on the supply side of the lodging industry and make that information available to our subscribers. It is still early to predict the full impact the pandemic will have on the lodging industry. We will have more information to report in the coming months.

  7. At the end of Q3 2020, the Dallas market leads the U.S. Hotel Construction Pipeline October 27, 2020
    In the recent report released by Lodging Econometrics (LE), at the close of the third quarter of 2020, the top five U.S. markets with the largest total hotel construction pipelines are Dallas with 154 projects/18,592 rooms; followed by Los Angeles with 150 projects/25,188 rooms; New York City with 144 projects/25,147 rooms; Atlanta with 134 projects/18,670 rooms; and Houston with 109 projects/11,384 rooms. These top five markets account for 15% of the rooms in the total U.S. pipeline. Twenty of the Top 50 markets in the U.S. have more than 50 projects in their hotel construction pipelines.

    There are currently seven markets in the United States that have 30 or more projects under construction in their pipelines. New York City continues to have the greatest number of projects under construction with 105 projects/18,453 rooms. Atlanta follows with 44 projects/6,483 rooms, and then Dallas with 42 projects/5,086 rooms, Los Angeles with 41 projects/7,278 rooms, Nashville with 33 projects/5,532 rooms, Orlando with 31 projects/5,107 rooms, and Austin with 30 projects/5,228 rooms. Of the top 50 Markets in the U.S., there are 20 markets, including the seven directly listed above, that have 20 or more projects under construction in the pipeline.

    Despite the impact COVID-19 has had on operating performance, development, renovation and conversion activity in the lodging industry continues. This is evidenced by the number of hotels that opened in Q3. The top 50 markets in the U.S. saw 140 hotels /17,195 rooms open in Q3 ’20. The U.S. as a whole had 280 hotels/31,271 rooms open in Q3 ‘20. Additionally, there are 1,259 hotels/207,544 rooms under renovation or conversion at the end of Q3 ’20. Eleven of the top 50 markets in the U.S. have 10 or more hotels undergoing renovation or conversion activity currently.

    *COVID-19 (coronavirus) has had an unprecedented impact on the world and the hospitality industry. LE’s market intelligence department has and will continue to gather global hotel intelligence on the supply side of the lodging industry and make that information available to our subscribers. It is still early to predict the full impact the pandemic will have on the lodging industry. We will have more information to report in the coming months.

  8. The United States Hotel Construction Pipeline is down slightly in Q3 2020 but remains robust October 26, 2020
    According to the latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE), the total U.S. hotel construction pipeline, at the end of Q3 2020, stands at 5,282 projects/655,026 rooms, down 7% by projects and 6% by rooms, year-over-year (YOY). As expected, the hotel construction pipeline is off more substantially in Q3 2020 as compared to Q2 2020. This is due largely in part to an acceleration of new hotel openings in Q2 2020 as a result of a cyclical high number of projects under construction in Q120 that were delayed and later opened in Q220. Secondly, new project announcements continue to be muted. Projects exiting the pipeline and moving to a cancelled or on hold status in Q320 stood at 191 projects/21,859 rooms.

    Developers continue to closely monitor the impact the coronavirus will have on travel demand, how quickly a widespread vaccine will roll out, and the outcome of the U.S. presidential and congressional elections. It is expected that as these events and timelines provide more clarity for developers, they will begin to more confidently move forward with their development activity.

    Projects currently under construction stand at 1,610 projects/216,136 rooms, down 7% by projects and 8% by rooms, YOY. Despite the decrease YOY, projects that are currently under construction continue to move forward towards their opening. New hotel openings continue to outpace projects moving to under construction. Projects scheduled to start construction in the next 12 months total 2,113 projects/246,528 rooms. Developers with projects scheduled to start construction in the next 12 months continue to adjust their construction start and opening dates, minimize carrying costs, and plan to open in a more robust operating environment. LE continues to track development timeline changes in its database. Projects in the early planning stage stand at 1,559 projects/192,362 rooms, an increase not only YOY but quarter-over-quarter as well.

    Through the third quarter of 2020, the U.S. opened 599 new hotels with 68,712 rooms with another 326 projects/35,324 room anticipated to open by the end of 2020, totaling 925 projects/104,036 rooms. For 2021, LE expects another 960 projects/113,247 rooms to open.

    *COVID-19 (coronavirus) has had an unprecedented impact on the world and the hospitality industry. LE’s market intelligence department has and will continue to gather global hotel intelligence on the supply side of the lodging industry and make that information available to our subscribers. It is still early to predict the full impact the pandemic will have on the lodging industry. We will have more information to report in the coming months.

  9. Year-Over-Year the Global Hotel Construction Pipeline continues to increase* August 27, 2020
    The latest Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), an industry-leading company that compiles construction pipeline counts for every global region, country, and city around the world, states that the global hotel construction pipeline stands at 14,779 projects/2,412,736 rooms. Year-over-year (YOY) the pipeline increased 5% by projects and 4% by rooms with several stages of the pipeline hitting their peaks by project and rooms counts.

    Under Construction, is at an all-time high room count, with 1,230,572 rooms/6,896 projects. Projects scheduled to start construction in the next 12 months are also hitting a peak project count to end the second quarter with 4,599 projects/651,133 rooms. There are an additional 3,283 projects/531,031 rooms in the early planning stage of the pipeline.

    The top countries by project count are the United States with 5,582 projects/687,801 rooms and China reaching a new all-time high with 3,574 projects/647,704 rooms. Sixty-two percent of all global projects in the pipeline are found within these two countries. The U.S. accounts for 38% of projects in the total global construction pipeline while China accounts for 24%. Distantly following are the United Kingdom with 350 projects/52,398 rooms, Indonesia with 345 projects/56,373 rooms and Germany with 296 projects/39,645 rooms.

    Around the world, the cities with the largest pipeline counts are Los Angeles, CA with 163 projects/27,415 rooms; Dallas, TX with 158 projects/19,314 rooms; and New York, NY with 151 projects/26,302 rooms. Dubai follows with 144 projects/44,895 rooms, then Guangzhou China with 140 projects/27,753 rooms and Atlanta with 135 projects/18,634 rooms.

    The leading franchise companies in the global construction pipeline by project count are Marriott International with 2,682 projects/452,459 rooms, Hilton Worldwide with 2,532 projects/378,124 rooms; InterContinental Hotels Group (IHG) with 1,798 projects/263,057 rooms; and AccorHotels with 886 projects/157,362 rooms. These four companies account for 53% of all projects in the global pipeline.

    Brands leading in the pipeline for each of these companies are Marriott’s Fairfield Inn with 431 projects/50,249 rooms; Hampton by Hilton with 775 projects/102,815 rooms; IHG’s Holiday Inn Express with 712 projects/90,479 rooms; and AccorHotel’s Ibis Brands with 319 projects/44,817 rooms.

    Throughout the first half of 2020, the world opened 891 hotels accounting for 131,921 rooms.

    *COVID-19 (coronavirus) has had an unprecedented impact on the world and the hospitality industry. LE’s market intelligence department has and will continue to gather global hotel intelligence on the supply side of the lodging industry and make that information available to our subscribers. It is still early to predict the full impact the pandemic will have on the lodging industry. We will have more information to report in the coming months.

  10. Congratulations to 2019 ALIS Development of the Year Award Winners!
    On Wednesday, January 29, 2020, JP Ford, SVP and Director of Global Business Development of Lodging Econometrics, presented the winners of the 2019 Full-Service and Select/Limited Service Developments of the Year with their prestigious award at the America’s Lodging Investment Summit (ALIS).

    The winner in the Full-Service category: The TWA Hotel in New York, NY. Representing the property was: Tyler Morse and Russell Shattan from MCR Development.

    Finalists in this category: Equinox Hotel Hudson Yards in New York, NY and the Seminole Hard Rock Hotel & Casino Hollywood in Hollywood, FL.

    The winner in the Select/Limited Service category: The triple-branded AC Hotel by Marriott, Residence Inn by Marriott, and SpringHill Suites by Marriott Nashville Downtown/Convention Center in Nashville, TN. Representing the property was: Jay Patel and Whip Triplett from North Point Hospitality Group.

    Finalists in this category: citizenM Boston North Station in Boston, MA and the Moxy NYC East Village in New York, NY.

  11. Lodging Econometrics Develops Premium Data Integration Services for Salesforce and Other Client Relationship Management Platforms
    Lodging Econometrics (LE), the global leader for hotel real estate intelligence, announces that it has developed and added a premium data integration service to its business development database offerings. LEConnect for Salesforce and other Client Relationship Management (CRM) platforms allows for LE’s database of decision-makers for new hotel construction projects, renovations, conversions, and open & operating hotels to be seamlessly integrated into any CRM.

    “Our clients were very pleased with the upgrades we made to our business development program database and strategy & forecasting center late last year, but recently expressed a need to receive our database content directly into their existing CRM platforms. This is precisely why we built LEConnect and developed this integration service. We’ve designed it so that our clients no longer need two platforms. Now LE can merge any of its global database programs for business development simply and seamlessly into a client’s existing Salesforce or other CRM platform, allowing clients to work entirely within their own platform,” said Timothy Ford, President of Lodging Econometrics.

    By subscribing to and installing LEConnect, LE’s clients will be able to identify new accounts with the greatest potential, make more informed and better targeted decisions, increase their sales, and save considerable sales time and staff resources. As with all of LE’s programs, LE also provides staff training and continual support to ensure the successful implementation of their database services throughout the client’s organization.

    “For any sales organization in the lodging industry, franchise company, hotel ownership or management group or vendor, LEConnect can immediately improve their productivity and increase their sales. And, for those without an existing CRM platform, LE’s database has the functionality to serve as an organization’s stand-alone CRM platform. We are excited at the opportunity to deliver these new database services to our existing and future clients. Our cutting-edge service removes the frustration and logistics from the data integration process,” said Ford.

    To learn how you can get connected with LE’s Business Development Programs, contact us at +1 603.431.8740 or info@lodgingeconometrics.com.

  12. Lodging Econometrics’ Patrick H. Ford Receives Lifetime Achievement Award at The Lodging Conference
    October 2, 2018 – PORTSMOUTH, NH – Patrick H. Ford, Chairman, CEO, and Founder of Lodging Econometrics (LE) and New England Hotel Realty (NEHR) of Portsmouth, NH, has received the 2018 Lifetime Achievement Award for the hospitality industry, which was presented at The Arizona Biltmore on September 25, 2018. The Lodging Conference’s founder and producer, Harry Javer and hospitality veteran Michael A. Leven, chairman and CEO of Georgia Aquarium, presented the award to Ford.  Nearly two thousand industry members were in attendance at this year’s conference.

    The prestigious Lifetime Achievement Award recognizes an individual who has provided outstanding, life-long contributions to the hospitality industry.  In a career spanning more than 50 years, Pat Ford began his career with the Dunfey Hotel Company, the predecessor to the Omni Hotel Company, where he spent 20 years in a variety of operational and executive roles. He then created and developed New England Hotel Realty as the largest, full-service hotel brokerage firm in the Northeast. In 1995, at the urging of a number of hotel companies and Wall Street Investment Firms, he founded Lodging Econometrics (LE) to compile lodging development and transaction data for the U.S.

    Within two years, LE replicated their development research programs in every country of the world. Shortly thereafter, LE positioned away from solely being a data provider towards being a lodging sales and marketing specialty firm as well as providing a variety of customized new hotel construction and supply side databases, and trend line and forecast reports that assist franchise development teams, investor groups and vendors to grow their business within the lodging industry. In 2017, Lodging Econometrics was honored by the Peter Paul School of Business at the University of New Hampshire as the most outstanding family business in New Hampshire.

    In Ford’s acceptance speech he said, “My career has been chuck-a-block full of opportunities and blessings. Like any lifelong journey it’s required hard work and an ongoing dedication to personal growth. But those are the requirements of any successful journey. I’ve lived a charmed life! It’s been a great ride! The industry is in my blood and it will continue to stimulate my interest until the end.”

  13. Timothy Ford Appointed President of Lodging Econometrics and New England Hotel Realty
    Portsmouth, NH – Patrick Ford, Chairman of Lodging Econometrics (LE), the global leader for hotel real estate intelligence, and New England Hotel Realty (NEHR), the leading full-service hotel real estate advisory brokerage firm in the Northeast, announced today that Timothy Ford has been appointed President of both companies.

    “Timothy is a proven leader who most recently served as Executive Vice President, where he was responsible for the company’s technology initiatives, the growth of our client services, overseeing the sales and marketing departments and most notably for taking LE’s trusted U.S. Business Development Programs and expanding them into every region and country worldwide. Incorporating the latest cutting-edge technology, he has also re-designed LE’s online business development program delivery systems, including our global database of hotel development records and portfolio of lodging real estate trend and management guidance reports for client sales teams,” said Ford.

    In his new role as President, Timothy will be responsible for creating new business partnerships; continuing to incorporate the latest online technology into our research and deliverables; creating additional business development programs for our roster of franchise clients looking to accelerate their brand growth, hotel ownership and management groups seeking to expand their real estate portfolios, and lodging vendors wanting to increase their sales to the industry.

    Ford continued, “it’s a terrific time for the lodging industry and an opportunistic time for our company. Timothy offers the right mix of outstanding vision and proven execution to continue moving our companies forward.”

    “I am humbled and honored to be appointed as President, to provide the leadership for our strategic growth, and to continue to serve our clients with unmatched hotel real estate intelligence,” said Timothy Ford. “I look forward to working closely with the board and the LE and NEHR teams to further our vision for the years ahead.”

Ask the Experts

LE’s Lodging Real Estate and Market Intelligence Experts are happy to offer insights and support to journalists and media specialists reporting on the lodging real estate, lender and vendor industries. For media inquiries or specific information requests, please contact:

Rebecca Evans
Director of Marketing Communications

+1 603.427.9547
revans@lodgingeconometrics.com