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. Europe’s Hotel Construction Pipeline Continues to Expand in the First Quarter of 2020 Despite COVID-19 Pandemic* June 03, 2020
    Analysts at Lodging Econometrics (LE) report that at the close of the first quarter of 2020, Europe’s hotel construction pipeline expanded to near-record highs with 1,840 projects and 294,047 rooms, a 10% increase in projects and a 15% increase in rooms, year-over-year (YOY).

    Projects under construction stand at 878 projects, with an all-time high of 142,185 rooms; while projects scheduled to start construction in the next 12 months stand at 522 projects with a record-high 82,229 rooms. Projects in the early planning stage have 440 projects/69,633 rooms; up significantly at 27% and 44% respectively, YOY. During the first quarter of 2020, Europe opened 84 new hotels with 10,469 rooms.

    The United Kingdom leads the construction pipeline with 342 projects with an all-time high of 52,231 rooms, and then Germany with 323 projects/58,935 rooms. France follows with 172 projects/21,070 rooms. Next is Portugal with 120 projects and a record 13,049 rooms and then Poland with 92 projects/14,529 rooms.

    The cities in Europe with the largest pipelines are London with 96 projects and an all-time high 18,055 rooms, Dusseldorf at 58 projects/11,290 rooms, and Paris at 39 projects/6,108 rooms. Next is Hamburg, with 34 projects/7,294 rooms and then Lisbon with 33 projects/3,116 rooms.

    Accor Hotels is the leading franchise company with the largest European pipeline by projects with 238 projects/32,763 rooms; followed closely by Marriott International, with 227 projects/37,764 rooms. Hilton Worldwide is next with an all-time high of 195 projects/30,289 rooms, then InterContinental Hotels Group (IHG) with 160 projects/25,632 rooms. These four global franchise companies account for 45% of all projects in Europe’s pipeline.

    The leading brands for these four companies are Accor Hotel’s Ibis brands with 108 projects/13,779 rooms and then Novotel and Mercure Hotels with 25 projects/3,890 rooms and 25 projects/3,177 rooms, respectively. Marriott International’s top brands are Moxy with 75 projects/13,386 rooms, Courtyard by Marriott has 28 projects/4,892 rooms, and Autograph Collection with 20 projects, and an all-time high 1,909 rooms.

    Hilton Worldwide is led by Hampton by Hilton at an all-time high of 81 projects/ 12,736 rooms, Hilton Garden Inn with 42 projects/7,093 rooms, and DoubleTree by Hilton with an all-time high 28 projects having 3,354 rooms. IHG’s top brands include Holiday Inn Express with 70 projects/10,844 rooms, Holiday Inn with 31 projects/7,196 rooms, and Hotel Indigo with 16 projects/1,661 rooms.

    Similar to other pipelines around the world, Europe’s hotel construction pipeline is experiencing temporary delays of approximately two to four months. Hotel construction across the region varies by country; some countries have resumed construction while others are still waiting for guidance on precautionary measures, guidelines and start dates.

    Countries across Europe are working on plans to safely reopen existing hotels, with plans varying by country. Some countries have partially reopened under strict guidelines, while others plan to roll out “phased reopenings” through June and into July.

    *COVID-19 (coronavirus) did not have a full impact on first-quarter 2020 Europe results reported by LE. LE’s market intelligence department has and will continue to gather the necessary global 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 of the outbreak on the lodging industry. We will have more information to report in the coming months.

  2. China’s Hotel Construction Pipeline Hits All-Time High in the First Quarter of 2020 Despite COVID-19 Pandemic* May 19, 2020
    Analysts at Lodging Econometrics (LE) report that despite the COVID-19 outbreak, China’s total construction pipeline continues to expand to an all-time high of 3,533 projects/645,764 rooms, up 24% by projects and 9% by rooms year-over-year (YOY).

    China has 2,330 projects/412,142 rooms presently under construction. Projects under construction remain near record-highs at the end of the first quarter even though many projects are delayed two to four months. Projects scheduled to start construction in the next 12 months experienced an enormous increase of 92% by projects and 45% by rooms YOY, to stand at a record-high 744 projects/120,458 rooms. These record counts can be attributed to the delay and pushback of new construction starts caused by COVID-19 and also to the large number of new midscale projects that have been announced into the pipeline. Between the second and fourth quarters of 2019, international brands as well as local franchise companies began focusing on developing the midscale segment to meet the demands of both business and leisure travelers. Many of these, typically fast-moving projects, were stalled in the middle stage of the pipeline. These factors have caused the number of projects starting in the next 12 months to swell tremendously. Over the next several quarters, many of these projects are expected to advance as the pipeline resumes construction. Meanwhile, projects in the early planning stage stand at 459 projects/113,164 rooms and have also experienced double-digit increases, up 22% by projects and rooms, YOY.

    In the first quarter of 2020, China opened an all-time low of 84 new hotels/13,283 rooms. This is largely due to the delays in construction caused by COVID-19 and the nationwide lockdown. China’s pipeline had the longest stretch of days affected by COVID-19 in the first quarter.

    Guangzhou leads China’s pipeline with 131 projects/26,412 rooms. Chengdu follows with 129 projects/26,904 rooms. Next is Shanghai at 119 projects/22,660 rooms. Then, Wuhan with 109 projects/14,877 rooms and Xi’an with 91 projects/16,180 rooms.

    Franchise companies topping China’s construction pipeline are Hilton Worldwide with 504 projects/102,495 rooms, InterContinental Hotels Group (IHG) with 384 projects/82,496 rooms, and Marriott International with 340 projects/93,254 rooms, all three companies setting record highs. Next is JinJiang Holdings, with 313 projects/31,401 rooms and AccorHotels with 213 projects/35,309 rooms.

    The pipeline’s brands are dominated by Hampton by Hilton, at an all-time high, with 309 projects/47,941 rooms. Hilton’s second-largest brand is DoubleTree, with 62 projects/17,195 rooms. IHG’s primary brand in China is Holiday Inn Express, at a record count, with 186 projects/32,038 rooms and then Holiday Inn with 60 projects/14,904 rooms. Marriott International’s top brands are the Marriott Hotel & Resort with 77 projects/23,229 rooms and Fairfield Inn with 42 projects/6,352 rooms. Leading brands for JinJiang Holdings are Vienna Hotel with 130 projects/12,700 rooms, and 7 Days Inn with 110 projects/8,656 rooms. AccorHotels’ leading brands are the Ibis brands with 90 projects/9,315 rooms, and Mercure Hotel, at an all-time high, with 61 projects/9,835 rooms.

    Research by LE’s market intelligence team shows that 90% of the hotels in China reopened at the end of April, with hotel occupancies bouncing back. Additionally, at least 40% of hotel construction projects in major cities have resumed, with most projects estimating a delay of only two to four months. City and state-level projects are receiving the highest priority to receive materials, a workforce, and are being pushed towards completion. Smaller contractors continue to struggle to finish projects due to the lack of and an increasing price of labor and construction materials available.

    *COVID-19 (coronavirus) did not have a full impact on first-quarter 2020 China results reported by LE. LE’s market intelligence department has and will continue to gather the necessary global 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 of the outbreak on the lodging industry. We will have more information to report in the coming months.

  3. Latin America’s Hotel Construction Pipeline Remains Sluggish at the Close of the First Quarter of 2020* May 12, 2020
    In the recent Latin America Hotel Construction Pipeline Trend Report, analysts at Lodging Econometrics (LE) state that the total construction pipeline stands at 702 projects/124,050 rooms, down 2% by projects and up less than 1% by rooms, year-over-year (YOY).

    Projects presently under construction stand at 324 projects/57,193 rooms. Projects scheduled to start construction in the next 12 months stand at 203 projects/39,487 rooms and those in the early planning stage are at 175 projects/27,370 rooms.

    In the first quarter of 2020, 22 new hotels/3,825 rooms opened throughout Latin America, while new project announcements into the pipeline recorded a new all-time low of 36 projects/3,596 rooms.

    Mexico leads Latin America’s construction pipeline with 222 projects/40,639 rooms. Next is Brazil, standing at 137 projects/22,607 rooms. Peru follows with 41 projects/5,702 rooms; Colombia is next with 36 projects/5,899 rooms and then the Dominican Republic with 33 projects/8,105 rooms. Collectively, these five countries account for 69% of the rooms in the total pipeline.

    Cities in Latin America with the largest pipelines include Lima, Peru with 31 projects/4,691 rooms; Mexico City, Mexico with 26 projects/4,358 rooms; Cancun, Mexico with 23 projects/11,234 rooms; Sao Paulo, Brazil with 18 projects/3,294 rooms; and Guadalajara, Mexico with 18 projects/2,302 rooms.

    Top hotel franchise companies in Latin America’s construction pipeline are Marriott International with 129 projects/22,571 rooms, AccorHotels with 98 projects/13,049 rooms, Hilton Worldwide at a record high 88 projects/12,345 rooms, and InterContinental Hotels Group (IHG) with 61 projects/7,116 rooms. These four companies account for 54% of the projects in the total construction pipeline.

    The top brands in the pipeline are AccorHotel’s Ibis brands with 67 projects/8,868 rooms, Hampton by Hilton with 25 projects/2,952 rooms and Hilton Garden Inn with 23 projects/3,189 rooms. These are followed by Marriott’s Fairfield Inn with 17 projects/2,489 rooms and IHG’s Holiday Inn Express with 17 projects/2,075 rooms.

    *COVID-19 (coronavirus) did not have a full impact on first quarter 2020 Latin America results reported by LE. Only the last 30 days of the quarter were affected. LE’s market intelligence department has and will continue to gather the necessary global 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 of the outbreak on the lodging industry. We will have more information to report in the coming months.

  4. Canada’s Hotel Construction Pipeline Remains Strong with Double Digit Increases Year-Over-Year* May 8, 2020
    Analysts at Lodging Econometrics (LE) report that at the close of the first quarter of 2020, the total construction pipeline in Canada remains strong with 304 projects and an all-time high of 40,291 rooms. The construction pipeline is up an impressive 15% by projects and 22% by rooms, year-over-year (YOY).

    A driving force of the pipeline’s double-digit growth is the surge in projects in the early planning stage at an all-time high of 103 projects/15,964 rooms, up 29% and 41% YOY, respectively. Projects under construction, also at record highs, are at 101 projects/12,563 rooms, up 9% by projects and 20% by rooms, YOY. Projects scheduled to start construction in the next 12 months stand at 100 projects/11,764 rooms and are up 10% by projects and 5% by rooms, YOY.

    The top province in Canada with the most projects in the pipeline is Ontario with 154 projects/20,447 rooms. This is a record-high for the province and accounts for 51% of the projects in Canada’s total pipeline. Next is British Columbia with 50 projects/6,730 rooms and Alberta with 31 projects/4,810 rooms. Together the three provinces account for 79% of the rooms in Canada’s Pipeline.

    The top five cities are led by Toronto with 61 projects/8,468 rooms; at a record high and claiming 21% of all the projects in Canada’s total construction pipeline. Following distantly is Montreal, also at record counts, with 18 projects/2,406 rooms, Niagara Falls with 14 projects/3,781 rooms, Vancouver with 14 projects/1,849 rooms, and Ottawa with 10 projects/1,761 rooms. These five cities combined account for 45% of the rooms in the total pipeline.

    The top franchise companies in Canada’s construction pipeline are Marriott International with 67 projects/8,430 rooms and Hilton Worldwide with 65 projects/7,738 rooms. Both of these franchise company pipelines are at all-time highs in Canada. InterContinental Hotels Group (IHG) follows with 56 projects/5,402 rooms. These three franchise companies claim 62% of the projects in the total pipeline.

    The top brands in Canada’s pipeline are IHG’s Holiday Inn Express with 34 projects/3,385 rooms, and Hampton by Hilton with 30 projects/3,369 rooms. TownePlace Suites by Marriott follows with 16 projects/1,726 rooms and is at an all-time high.

    Other notable brands in Canada’s pipeline are Hyatt Place with 14 projects/2,197 rooms, Courtyard by Marriott, at a record high, with 13 projects/2,020 rooms, and Home2 Suites by Hilton with 12 projects/1,270 rooms, also reaching an all-time high.

    *COVID-19 (coronavirus) did not have a full impact on first quarter 2020 Canada results reported by LE. Only the last 30 days of the quarter were affected. LE’s market intelligence department has and will continue to gather the necessary global 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 of the outbreak on the lodging industry. We will have more information to report in the coming months.

  5. Marriott, Hilton, and IHG Account for 69% of the Projects in the U.S. Hotel Construction Pipeline at the Close of the First Quarter of 2020* May 1, 2020
    According to the United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest construction pipelines at the end of the first quarter of 2020 are Marriott International with 1,556 projects/204,244 rooms, followed by Hilton Worldwide with 1,413 projects/161,743 rooms, and InterContinental Hotels Group (IHG) with 954 projects/97,547 rooms. Combined, the brands of these three franchise companies comprise 69% of the projects in the total U.S. pipeline.

    The leading brands by project count for these three companies continue to be Hilton’s Home2 Suites by Hilton with 421 projects/43,816 rooms, IHG’s Holiday Inn Express with 380 projects/36,329 rooms, and Marriott’s Fairfield Inn with 315 projects/30,336 rooms. These three brands dominate the total pipeline and combined represent 20% of the projects.

    Other notable brands in the pipeline for each of these franchise companies are: Hampton by Hilton with 310 projects/32,146 rooms and Hilton’s Tru by Hilton with 302 projects/29,132 rooms; Marriott’s TownePlace Suites with 217 projects/21,834 rooms and Residence Inn with 214 projects/26,262 rooms; IHG’s Avid Hotel with 195 projects/17,595 rooms and Staybridge Suites with 149 projects/15,564 rooms.

    In the first quarter of 2020, 144 new hotels having 16,305 rooms opened across the United States. Of those openings, Marriott opened 42 hotels/5,595 rooms, Hilton opened 37 hotels/3,840 rooms, and IHG opened 23 hotels/2,204 rooms. Collectively, these three franchise companies opened 71% of all the new hotels and rooms in the first quarter.

    LE recorded conversion pipeline totals of 616 projects/69,258 rooms in the first quarter of 2020. Of these conversion totals, Marriott claimed 81 projects/14,242 rooms, Hilton with 67 projects/10,646 rooms, and IHG recording 53 projects/5,553 rooms. These three franchise companies account for 44% of all the rooms in the conversion pipeline across the United States.

    *COVID-19 (coronavirus) did not have a full impact on first quarter 2020 U.S. results reported by LE. Only the last 30 days of the quarter were affected. LE’s market intelligence department has and will continue to gather the necessary global 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 of the outbreak on the lodging industry. We will have more information to report in the coming months.

  6. The Los Angeles Market Continues to Lead the U.S. Hotel Construction Pipeline at the Close of the First Quarter of 2020* April 30, 2020
    Analysts at Lodging Econometrics (LE) report that at the close of the first quarter of 2020, the top five U.S. markets with the largest total hotel construction pipelines are: Los Angeles with 166 projects/27,752 rooms; Dallas with 164 projects/19,999 rooms; New York City with 152 projects/26,111 rooms; Atlanta with 143 projects/19,423 rooms; and Houston with 132 projects/13,316 rooms.

    Nationally, under construction project counts hit a new all-time high with 1,819 projects with 243,100 rooms. Markets with the greatest number of projects already in the ground are led by New York City with 108 projects/18,434 rooms. Atlanta follows with 48 projects/6,002 rooms, and then Dallas with 46 projects/5,603 rooms, Los Angeles with 43 projects/6,851 rooms, and Orlando with 39 projects/9,394 rooms. Collectively, these five markets account for 16% of the total number of projects currently under construction in the U.S.

    In the first quarter, Dallas had the highest number of new projects announced into the pipeline with 13 projects/1,461 rooms. Washington DC follows with 8 projects/1,145 rooms, then Phoenix with 8 projects/904 rooms, Los Angeles with 7 projects/1,103 rooms, and Atlanta with 7 projects/774 rooms.

    As has been widely reported, the majority of hotels across America are experiencing an extreme decrease in occupancy and some have even closed temporarily. Many companies are using this time to complete updates, plan or start renovations or reposition their assets. LE recorded renovation and conversion totals of 1,385 active projects/232,288 rooms in the first quarter of 2020. The markets with the largest count of renovation and conversion projects combined are Chicago with 32 projects/5,565 rooms, Washington DC with 26 projects/5,491 rooms, Los Angeles with 26 projects/4,271 rooms, New York City with 21 projects/8,151 rooms and San Diego with 21 projects/4,456 rooms.

    *COVID-19 (coronavirus) did not have a full impact on first quarter 2020 U.S. results reported by LE. Only the last 30 days of the quarter were affected. LE’s market intelligence department has and will continue to gather the necessary global 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 of the outbreak on the lodging industry. We will have more information to report in the coming months.

  7. For the First Quarter Ending March 31, 2020, the U.S. Hotel Construction Pipeline Continued to Expand Year-Over-Year Despite COVID-19* April 29, 2020
    At the end of the first quarter of 2020, analysts at Lodging Econometrics (LE) report that the total U.S. construction pipeline continued to expand year-over-year (YOY) to 5,731 projects/706,128 rooms, up 1% by projects and 3% by rooms. However, quarter-over-quarter, the pipeline has contracted slightly less than 1% by both project and room counts, down from 5,748 projects/708,898 rooms at the close of 2019.

    Projects currently under construction stand at an all-time high of 1,819 projects/243,100 rooms. Projects scheduled to start construction in the next 12 months total 2,284 projects/264,286 rooms, while projects in the early planning stage stand at 1,628 projects/198,742 rooms. Projects in the early planning stage are up 8% by projects and 11% by rooms, YOY. Developers with projects under construction have generally extended their opening dates by two to four months. For projects scheduled to start construction in the next 12 months, on average, developers have adjusted their construction start and opening dates outwards by four to six months. Additionally, brands have been empathetic with developers by relaxing timelines as everyone adjusts to the COVID-19 interruptions. As a result, LE anticipates a stronger count of openings in the second half of 2020, compared to the first half.

    In the first quarter of 2020, the U.S. opened 144 new hotels with 16,305 rooms. While the COVID-19 pandemic has slowed development, it has not completely stalled it. There were still 312 new projects with 36,464 rooms announced into the pipeline in the first quarter.

    Many open or temporarily closed hotels have already begun or are in the planning stages of renovating and repositioning their assets while occupancy is low or non-existent. At the close of the first quarter, LE recorded 769 active renovation projects/163,030 rooms and 616 active conversion projects/69,258 rooms throughout the United States.

    To date, the largest fiscal relief and stimulus efforts include the unprecedented $2 trillion CARES Act, the Paycheck Protection Program (PPP), and the Paycheck Protection Program Liquidity Facility (PPPLF), with a third phase of relief having been signed by the president last week. This third phase includes nearly $500 billion to further support the small-business loan program, as well as provide additional critical funding needed for hospitals and comprehensive testing. A phase four “CARES Act 2” package is already being discussed.

    In order to support the economy and build liquidity, the Federal Reserve cut interest rates to almost zero; reduced bank reserve requirements to zero; rapidly purchased hundreds of billions of dollars in treasury bonds and mortgage-backed securities; bought corporate and municipal debt; and extended emergency credit to non-banks. The Federal Reserve has signaled that it will provide more support to the economy if warranted.

    Although there are discussions about opening parts of the country that are beginning to stabilize; it will be measured with phased openings designed to effectively balance a highly desired economic ramp up while following prudent health and safety precautions.

    *COVID-19 (coronavirus) did not have a full impact on first quarter 2020 U.S. results reported by LE. Only the last 30 days of the quarter were affected. LE’s market intelligence department has and will continue to gather the necessary global 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 of the outbreak on the lodging industry. We will have more information to report in the coming months.

  8. The Global Construction Pipeline Hits Record High at 2019 Year-End* March 10, 2020
    Lodging Econometrics (LE) has released its year-end Global Construction Pipeline Trend Report, which compiles construction pipeline counts for every country, and city around the world. At the close of 2019, LE analysts state that the total global construction pipeline hit record highs with 15,000 projects/2,454,954 rooms, an 11% increase in projects and an 8% increase in rooms year-over-year (YOY).

    The global pipeline has been ascending for nine consecutive years after reaching its cyclical low, by rooms, in 2010. Four of the seven regions of the world continue to have pipelines trending upward, YOY. The exceptions being Latin America, Africa and, with counts essentially even, the Middle East.

    There are 6,859 projects/1,217,662 rooms currently under construction worldwide. Projects scheduled to start construction in the next 12 months and projects in the early planning stage are at all-time highs and stand at 4,533 projects/654,474 rooms and 3,608 projects/582,818 rooms, respectively.

    The top countries by project count are the United States with 5,748 projects/708,898 rooms, slightly short of its all-time high of 5,883 projects/785,547 rooms set in the second quarter of 2008, and China reaching a new all-time high with 3,526 projects/643,435 rooms. The U.S. accounts for 38% of projects in the total global construction pipeline while China accounts for 24%, resulting in 62% of all global projects in just these two countries. Distantly following are Indonesia with 367 projects/60,354 rooms, United Kingdom with 346 projects/49,651 rooms, and Germany the with 339 projects/61,836 rooms.

    Around the world, the cities with the largest pipeline counts are Los Angeles, CA with 168 projects/28,501 rooms; Dallas, TX with 160 projects/19,787 rooms; and New York, NY with 158 projects/25,825 rooms. Dubai follows with 152 projects/46,941 rooms, and then Chengdu, China with 134 projects/27,864 rooms.

    The leading franchise companies in the global construction pipeline by project count are Marriott International with 2,799 projects/471,843 rooms, Hilton Worldwide with 2,414 projects/354,515 rooms; InterContinental Hotels Group (IHG) with 1,777 projects/263,710 rooms; and AccorHotels with 912 projects/161,868 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/49,917 rooms; Hampton by Hilton with 744 projects/98,206 rooms; IHG’s Holiday Inn Express with 712 projects/90,254 rooms; and AccorHotel’s Ibis Brands with 338 projects/47,477 rooms.

    Throughout 2019, the world opened a total of 3,159 new hotels/446,911 rooms. As a result of the current global pipeline being at an all-time high, LE forecasts that new hotel openings will continue to climb with 3,298 hotels expected to open in 2020. In 2021, new openings are forecast to accelerate further to 3,415 hotels.

    *Please keep in mind that the COVID-19 (coronavirus) did not have an impact on fourth quarter 2019 totals reported by LE. New confirmed cases continue to be added around the world and it is still too early to predict the full impact of the outbreak on the hospitality and lodging industry. We will have more information to report in the coming months.

  9. The Middle East’s Hotel Construction Pipeline Counts Essentially Even Year-Over-Year February 27, 2020
    Analysts at Lodging Econometrics (LE) state in the 2019 year-end report that the hotel construction pipeline in the Middle East stands at 618 projects/178,384 rooms, compared to 622 projects/181,813 rooms at the end of 2018. The pipeline in the Middle East remains strong as room counts have been over 170,000 in every quarter of the past two years.

    Projects currently under construction are at 357 projects/117,112 rooms. Projects scheduled to start construction in the next 12 months stand at 128 projects/32,684 rooms, and projects in the early planning stage are at 133 projects/28,588 rooms.

    The Middle East had 88 new hotels/22,605 rooms open in 2019, this is the highest count since LE began tracking the region and surpasses the previous record of 72 new hotel openings/19,756 rooms set in 2009. The LE forecast for new hotel openings continues to rise with 113 new hotels/32,230 rooms expected to open in 2020 and 129 new hotels/34,427 rooms in 2021.

    Countries with the greatest number of projects in the construction pipeline are Saudi Arabia with 214 projects/73,137 rooms and the United Arab Emirates with 193 projects/57,723 rooms. Distantly following is Egypt, at an all-time high, with 65 projects/16,097 rooms, then Qatar with 56 projects/14,257 rooms, and Oman with 42 projects/7,972 rooms.

    Dubai continues to lead the construction pipeline in the United Arab Emirates and throughout the Middle East with 152 projects/46,941 rooms. Dubai is a popular area for hotel development with the current driver of development being the upcoming World Expo 2020, opening in October 2020 and operating until April 2021. Millions of people already visit Dubai each year and the World Expo 2020 is expected to bring millions more. To accommodate the increase in hotel demand that this event is expected to produce, development began at the site four years ago. This led to Dubai opening 70 new hotels having 17,919 rooms in 2018 and 2019 combined. Throughout 2020, another 31 new hotels/10,217 rooms are forecast to open.

    Cities with the largest hotel construction pipelines are the Provincial region with 70 projects/14,422 rooms; Riyadh with 59 projects/11,163 rooms; Jeddah with 53 projects/11,309 rooms; Doha, Qatar with 49 projects/11,951 rooms and Makkah with 32 projects/36,243 rooms. In the Middle East, 43% of the projects and 48% of the rooms in the construction pipeline can be found within these five cities.

    At the 2019 year-end, Marriott International is the top franchise company in the Middle East with a record 97 projects having 24,199 rooms. Next is Hilton Worldwide with 92 projects/25,289 rooms, and then Accor with 90 projects/26,824 rooms.

    The leading pipeline brands for these companies are Marriott’s Courtyard with 23 projects/4,839 rooms and Residence Inn with 16 projects/1,877 rooms. Both of these brands are at record highs; Hilton’s DoubleTree with 27 projects/6,711 rooms, and the full-service Hilton Hotel & Resort with 21 projects/6,682 rooms; Accor’s top brands are the Ibis brands with 15 projects/5,113 rooms, and Novotel with 13 projects/4,773 rooms.

  10. Congratulations to 2019 ALIS Development of the Year Award Winners! February 5, 2020
    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 February 21, 2019
    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