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. Latin America’s Hotel Construction Pipeline Shows Continuing Decline at the Close of Q2’20* August 10, 2020
    Analysts at Lodging Econometrics (LE) state in the Q2’20 Latin America Hotel Construction Pipeline Trend Report, that the total construction pipeline stands at 681 projects/118,936 rooms, down 4% by projects and rooms, year-over-year (YOY).

    Projects presently under construction stand at 345 projects/61,622 rooms, up 7% by projects and 10% by rooms, YOY. Projects scheduled to start construction in the next 12 months are at 196 projects/36,562 rooms. Projects in the early planning stage have experienced the sharpest decline, down 23% by projects and 34% by rooms YOY, settling in at 140 projects/20,752 rooms at Q2 close.

    In the first half of 2020, 35 new hotels/5,803 rooms opened throughout Latin America. New projects announced into the pipeline in the first half of the year stand at 87 projects/10,487 rooms. In the second quarter of 2020, there were 51 new project announcements with 6,891 rooms; this is up slightly after a record low count in Q1’20.

    Latin America’s construction pipeline is led by Mexico at a record high with 230 projects/42,372 rooms. Brazil follows with 132 projects/20,268 rooms. Next is Peru with 42 projects/5,619 rooms, then the Dominican Republic with 30 projects/6,091 rooms, and Cuba stands at 28 projects/7,649 rooms. Together, 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/4,551 rooms; Mexico City, Mexico with 27 projects/4,217 rooms; Cancun, Mexico with 24 projects/11,541 rooms; Guadalajara, Mexico with 21 projects/2,767 rooms; and Sao Paulo, Brazil with 16 projects/2,667 rooms.

    Hotel franchise companies with the largest construction pipelines in Latin America are Marriott International with 118 projects/20,343 rooms, AccorHotels with 97 projects/12,742 rooms, Hilton Worldwide at a record high 92 projects/12,960 rooms, and InterContinental Hotels Group (IHG) with 60 projects/7,334 rooms. These four companies account for 54% of the projects in the total construction pipeline.

    Leading brands in the pipeline are AccorHotel’s Ibis brands with 66 projects/8,455 rooms, Hilton Garden Inn recording an all-time high of 25 projects/3,441 rooms and Hampton by Hilton with 24 projects/2,850 rooms. These are followed by Marriott’s Fairfield Inn with 16 projects/2,359 rooms and IHG’s Holiday Inn Express with 16 projects/1,955 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.

  2. Canada’s Hotel Construction Pipeline Continues to Expand Year-Over-Year* July 31, 2020
    According to analysts at Lodging Econometrics (LE), Canada’s hotel construction pipeline continued to expand at the close of Q2’20 with 296 projects/39,645 rooms. The construction pipeline is up 8% by projects and 11% by rooms, year-over-year (YOY).

    All stages of the pipeline have experienced increases, YOY. Projects under construction stand at 98 projects/12,255 rooms, up 7% by projects and 10% by rooms. Projects scheduled to start construction in the next 12 months includes 107 projects/12,530 rooms, both up 13%, and projects in the early planning stage stand at 91 projects/14,860 rooms, up 6% and 9% respectively.

    Ontario continues to lead Canada’s construction pipeline with a record high 154 projects/20,526 rooms and accounts for 52% of the projects in Canada’s total pipeline. British Columbia follows with 47 projects/6,530 rooms and then Alberta with 30 projects/4,682 rooms and Quebec with 26 projects/3,387 rooms. Collectively, these four provinces account for 89% of the rooms in Canada’s Pipeline.

    The top five cities are led by Toronto with 59 projects/8,303 rooms and claiming 20% of all the projects in Canada’s total construction pipeline. Following distantly is Montreal at record counts with 19 projects/2,484 rooms, Niagara Falls with 14 projects/3,748 rooms, Vancouver with 12 projects/1,609 rooms, and Ottawa with 10 projects/1,783 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 Hilton Worldwide at an all-time high with 68 projects/8,202 rooms and Marriott International with 64 projects/7,918 rooms. InterContinental Hotels Group (IHG) follows with 55 projects/5,263 rooms. Combined, these three franchise companies claim 63% of the projects in the total pipeline.

    The top brands in Canada’s pipeline are IHG’s Holiday Inn Express with 33 projects/3,263 rooms, and Hampton by Hilton, at a record high with 30 projects/3,379 rooms. Fairfield Inn by Marriott follows with 16 projects/1,530 rooms, also at an all-time high.

    Other notable brands in Canada’s pipeline are Hyatt Place with 14 projects/2,197 rooms, Marriott’s TownePlace Suites with 14 projects/1,546 rooms and Courtyard by Marriott with 12 projects/1,866 rooms, and then Home2 Suites by Hilton with 12 projects/1,270 rooms, also at an all-time high.

    *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. Marriott, Hilton, and IHG Continue to Dominate the U.S. Hotel Construction Pipeline at Q2’20 Close* July 30, 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 second quarter of 2020 are Marriott International with 1,487 projects/195,952 rooms, followed by Hilton Worldwide with 1,395 projects/160,078 rooms, and InterContinental Hotels Group (IHG) with 920 projects/94,499 rooms. Combined these three companies account for 68% of the projects in the total pipeline; roughly the same percentage as the Q1’20 close.

    Hilton’s Home2 Suites and IHG’s Holiday Inn Express continue to be the most prominent brands in the U.S. pipeline with 415 projects/43,336 rooms and 371 projects/35,539 rooms, respectively. Hampton by Hilton follows with 304 projects/31,365 rooms and then Marriott’s Fairfield Inn with 302 projects/29,251 rooms. These four brands combined represent an impressive 25% of the projects in the total pipeline.

    Other notable brands in the pipeline for each of these franchise companies are Tru by Hilton with 298 projects/28,863 rooms; Marriott’s Residence Inn with 208 projects/25,520 rooms, SpringHill Suites with 184 projects/20,842 rooms, and TownePlace Suites with 207 projects/20,802 rooms; and then IHG’s Avid Hotel with 189 projects/17,090 rooms.

    In the second quarter of 2020, LE recorded 580 conversion projects/66,852 rooms. Of these conversion totals, Best Western dominates with 150 conversion projects/13,482 rooms, alone claiming 25% of the conversion pipeline by projects. Following Best Western is Marriott with 79 projects/13,721 rooms, Hilton has 69 projects/11,279 rooms, and IHG recorded 50 projects/5,382 rooms. Best Western and these three franchise companies combined account for 66% of all the rooms in the conversion pipeline across the United States.

    In the first half of 2020, 313 new hotels with 36,992 rooms opened across the United States. Of those openings, Marriott, Hilton and IHG collectively opened 69% of the hotels. Marriott opened 90 hotels 11,036 rooms, Hilton opened 82 hotels/8,728 rooms, and IHG opened 44 hotels/4,190 rooms.

    *COVID-19 (coronavirus) has had an unprecedented impact on the country 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. For the Fourth Consecutive Quarter, Los Angeles Leads the U.S. Hotel Construction Pipeline at the Close of Q2’ 20* July 28, 2020
    In the recent report released by Lodging Econometrics (LE), at the close of the second quarter of 2020, the top five U.S. markets with the largest total hotel construction pipelines are Los Angeles, leading for the fourth consecutive quarter, with 163 projects/27,415 rooms; followed by Dallas with 158 projects/19,314 rooms; New York City with 151 projects/26,302 rooms; Atlanta with 135 projects/18,634 rooms; and Houston with 122 projects/12,486 rooms. Despite these top five markets being located in states that have been heavily impacted by COVID-19, combined, they still account for 15% of the rooms in the total U.S. pipeline and, with the exception of Houston, have pipelines that remain steady and primarily unchanged quarter-over-quarter.

    New York City continues to have the greatest number of projects under construction, with 106 projects/18,354 rooms. Los Angeles follows with 48 projects/8,070 rooms, and then Atlanta with 48 projects/6,604 rooms, Dallas with 46 projects/5,344 rooms, and Nashville with 37 projects/6,597 rooms. These five markets collectively account for nearly 20% of the total number of rooms currently under construction in the U.S.

    According to LE’s research, many hotel owners, who have capital on hand, are taking this opportunity of decreased demand to upgrade and renovate their hotels or redefine their hotels with a brand conversion. In the second quarter of 2020, LE recorded a combined renovation and conversion total of 1,276 active projects with 217,865 rooms for the U.S. The markets with the largest combined number of renovations and conversions is Chicago with 28 projects/4,717 rooms, Los Angeles with 26 projects/4,548 rooms, New York City with 22 projects/8,817 rooms, Washington DC with 21 projects/4,850 rooms, and Atlanta with 19 projects/3,273 rooms.

    Despite the impact COVID-19 has had on operating performance, development in the lodging industry continues. In the first half of 2020, Dallas recorded the highest count of new projects announced into the pipeline with 18 projects/2,018 rooms. Washington DC followed with 14 projects/1,978 rooms, then Phoenix with 13 projects/1,397 rooms, Miami with 10 projects/2,472 rooms, and the Florida Panhandle with 9 projects/1,178 rooms.

    *COVID-19 (coronavirus) has had an unprecedented impact on the country 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. The U.S. Hotel Construction Pipeline Remains Robust Through the First Half of 2020, Despite Pandemic* July 27, 2020
    Analysts at Lodging Econometrics (LE) report that at the close of the second quarter of 2020, the total U.S. hotel construction pipeline stands at 5,582 projects/687,801 rooms, down a mere 1% by projects and rooms, Year-Over-Year (YOY). Remarkably, despite some project cancelations, postponements, and delays, there has been minimal impact on the U.S. construction pipeline. Contrary to what is being experienced with hotel operations, the pipeline remains robust as interest rates are at all-time lows.

    Projects currently under construction stand at 1,771 projects/235,467 rooms, up 3% and 1% respectively, YOY. Projects scheduled to start construction in the next 12 months total 2,389 projects/276,247 rooms. Projects in the early planning stage stand at 1,422 projects/176,087 rooms. As expected, developers with projects under construction are still experiencing some opening delays. However, projects continue to move forward, albeit with extended timelines. As was the case at the end of the first quarter, developers with projects scheduled to start construction in the next 12 months continue to monitor current events and make adjustments to their construction start and opening dates.

    In the first half of 2020, the U.S. opened 313 new hotels with 36,992 rooms. Additionally, there were 481 new projects with 56,823 rooms announced into the pipeline in the first half of 2020. Of those totals, 169 new project announcements with 20,359 rooms occurred in the second quarter. With franchise development staff largely working from home, non-essential travel halted, and with the on-going pandemic, the ability to get a new development deal signed has slowed. This has resulted in a 53% decrease in new project announcements compared to the second quarter of 2019 when 359 projects/44,895 rooms were recorded.

    With the arrival of summer, the country has begun to see an uptick in domestic leisure travel. As a result, more and more hotels are re-opening, and many others have begun to move-up renovation plans and/or are repositioning their property with a brand conversion. In the first half of 2020, LE recorded 1,465 active renovation projects/314,043 rooms and 1,196 active conversion projects/136,110 rooms throughout the United States.

    *COVID-19 (coronavirus) has had an unprecedented impact on the country 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.

  6. The Middle East’s Hotel Construction Pipeline Shows Slight Deceleration in the First Quarter of 2020* June 05, 2020
    Analysts at Lodging Econometrics (LE) state in the first quarter of 2020, the hotel construction pipeline in the Middle East decelerated slightly to 607 projects/172,182 rooms, down 3% and 5% respectively, year-over-year (YOY).

    Projects currently under construction are at 357 projects/114,817 rooms. Projects scheduled to start construction in the next 12 months stand at 113 projects/27,872 rooms, and projects in the early planning stage are at 137 projects/29,493 rooms. The Middle East had 15 new hotels/6,527 rooms open in the first quarter of 2020.

    Countries with the greatest number of projects in the construction pipeline are Saudi Arabia with 213 projects/69,038 rooms and the United Arab Emirates with 186 projects/56,188 rooms. Following distantly is Egypt with a record 65 projects/16,133 rooms, then Qatar with 56 projects/13,965 rooms, and Oman with 39 projects/7,545 rooms. Dubai continues to lead the construction pipeline in the United Arab Emirates with 147 projects/45,647 rooms.

    Cities with the largest hotel construction pipelines are the Provincial region with 70 projects/14,425 rooms; Riyadh with 61 projects/11,892 rooms; Jeddah with 52 projects/11,099 rooms; Doha, Qatar with 49 projects/11,660 rooms and Makkah with 30 projects/31,622 rooms. In the Middle East, 47% of the rooms in the construction pipeline are found within these five cities.

    In the first quarter of 2020, Marriott International is the top franchise company in the Middle East with a record 97 projects having 24,278 rooms. Next is Hilton Worldwide with 94 projects/25,730 rooms, and then Accor with 91 projects/26,883 rooms.

    The leading brands in the pipeline for these companies are Marriott’s Courtyard with 23 projects/4,832 rooms and Residence Inn with 17 projects/2,057 rooms. Both of these brands are at record highs; Hilton’s top brands are DoubleTree with 27 projects/6,711 rooms, and Hilton Hotel & Resort with 21 projects/6,716 rooms; Accor’s top brands are the Ibis brands with 14 projects/4,762 rooms, Adagio City Aparthotel with 12 projects/2,476 rooms, and Novotel with 11 projects/4,027 rooms.

    As is seen in the rest of the world, the Middle East is working to devise a plan that will allow the region to open safely and revitalize its economy. Plans vary from country to country, with Saudi Arabia, which is responsible for 40% of the rooms in the region’s hotel construction pipeline, starting a three-phase reopening plan on May 28th. The hope is that by phase three of the plan, beginning on June 21st, all restrictions will be removed with the exception of international travel into the country. Additionally, the World Expo 2020 scheduled to be held in Dubai this year, has been formally postponed until October 2021; which could result in several new hotels delaying their openings.

    *COVID-19 (coronavirus) did not have a full impact on first-quarter 2020 Middle East 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.

  7. 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.

  8. 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.

  9. 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.

  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