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. 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.

  2. At the close of the second quarter of 2020, the Middle East Hotel Construction Pipeline continues to show signs of decline* August 20, 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 second quarter of 2020, the hotel construction pipeline in the Middle East decelerated once again to 591 projects/169,538 rooms. The Middle East’s pipeline is down 7% by projects and 6% by rooms year-over-year (YOY). This is the fourth consecutive quarter the pipeline has declined since reaching its cyclical peak by projects in Q2 2019.

    However, projects currently under construction stand at an all-time high of 363 projects/117,458 rooms. Projects scheduled to start construction in the next 12 months are down an outstanding 31% by projects and 34% by rooms YOY to end the second quarter at 109 projects/25,658 rooms. Projects in the early planning stage are at 119 projects/26,422 rooms. Additionally, in the second quarter, the Middle East opened only 7 new hotels accounting for 1,469 rooms.

    Countries with the most projects in the construction pipeline are Saudi Arabia with 210 projects/69,610 rooms and the United Arab Emirates with 186 projects/55,797 rooms. Following distantly is Egypt with a record 60 projects/14,641 rooms, then Qatar with 57 projects and an all-time high room count of 14,538, and Oman with 36 projects/6,967 rooms. Dubai continues to lead the construction pipeline in the United Arab Emirates with 144 projects/44,895 rooms.

    Cities with the largest hotel construction pipelines are the Provincial region with 67 projects/14,104 rooms; Riyadh, at record high totals, with 62 projects/12,414 rooms; Doha, Qatar with 50 projects/12,234 rooms; Jeddah with 50 projects/10,705 rooms; and Makkah with 31 projects/32,387 rooms. Fourty-four percent of the projects in the construction pipeline In the Middle East are found within these five cities.

    Leading franchise companies for the Middle East at the end of the second quarter include Hilton Worldwide, topping the company charts and recording a project high, with 96 projects/26,188 rooms, followed by Marriott International with 88 projects having 21,875 rooms. Next is Accor with 84 projects/25,277 rooms. These three companies alone account for 45% of the projects in the pipeine in the Middle East.

    The leading brands in the pipeline for these companies are Hilton’s DoubleTree with 26 projects/6,355 rooms, and Hilton Hotel & Resort with 22 projects/7,070 rooms; Marriott’s Courtyard with 21 projects/4,382 rooms and Residence Inn with an all-time high by projects of 17 accounting for 2,057 rooms. Accor’s top brands are the Ibis brands with 13 projects/4,474 rooms, Adagio City Aparthotel with 11 projects/2,288 rooms, and Novotel with 11 projects/2,857 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.

  3. At the close of the second quarter of 2020, hotel construction pipeline growth in Europe continues* August 19, 2020
    According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the second quarter of 2020, Europe’s hotel construction pipeline increased 9% by projects and 13% by rooms to end the quarter with 1,851 projects and 295,038 rooms. Second quarter project and room counts are up slightly over last quarter’s totals.

    Projects under construction stand at an all-time high of 923 projects/149,637 rooms. Projects scheduled to start construction in the next 12 months are at 477 projects/75,818 rooms. Projects in the early planning stage have 451 projects/69,583 rooms; up 16% and 26% respectively, YOY. During the first quarter of 2020, Europe opened a mere 35 new hotels with 5,998 rooms. This is the lowest number of project openings LE has recorded in the region since 2012, and is a result of halted construction projects in the region as a result of the pandemic.

    The United Kingdom, recording an all-time high, leads the construction pipeline with 350 projects/52,398 rooms, and then Germany with 323 projects/58,533 rooms. France follows with 172 projects/21,405 rooms. Next is Portugal, also at an all-time high, with 123 projects/14,329 rooms, and then Poland with 91 projects/14,257 rooms.

    The cities in Europe with the largest pipelines are London with 94 projects/16,542 rooms, Dusseldorf at 57 projects/11,254 rooms, and Paris at 40 projects/6,350 rooms. Next is Libson with 38 projects and a record high room count total of 4,173. This is followed by Hamburg, also at an all-time high, with 35 projects/7,496 rooms.

    Four global franchise companies account for 44% of all projects in Europe’s Pipeline. They are Accor Hotels, which leads franchise companies in Europe with the largest pipeline by projects, at 236 projects/32,092 rooms. Accor is followed by Marriott International, with 217 projects/36,108 rooms. Hilton Worldwide is next with, an all-time high of, 207 projects/32,696 rooms; then InterContinental Hotels Group (IHG) with 151 projects/24,276 rooms.

    The leading brands for these four companies are Accor Hotel’s Ibis brands with 106 projects/13,510 rooms and then Mercure and Novotel Hotels with 26 projects/3,075 rooms and 25 projects/3,890 rooms, respectively. Marriott International’s top brands are Moxy with 72 projects/12,876 rooms, Courtyard by Marriott with 27 projects/4,739 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 79 projects/12,575 rooms, Hilton Garden Inn with 45 projects/7,545 rooms, and DoubleTree by Hilton with an all-time high 30 projects having 3,802 rooms. IHG’s top brands include Holiday Inn Express with 65 projects/9,840 rooms, Holiday Inn with 28 projects/6,798 rooms, and Hotel Indigo with 17 projects/1,793 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.

    *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. China’s Hotel Construction Pipeline Continues to trend upward through the second quarter of 2020* August 17, 2020
    According to the latest China Construction Pipeline Trend Report, analysts at Lodging Econometrics (LE) report that, China’s total hotel construction pipeline continues to trend upward to an all-time high of 3,574 projects/647,704 rooms. Up 19% by projects and 9% by rooms year-over-year (YOY), this is the 12th consecutive quarter China’s pipeline has increased.

    China has 2,282 projects/408,403 rooms presently under construction. Projects scheduled to start construction in the next 12 months experienced a massive increase of 105% by projects and 57% by rooms YOY, to stand at a record-high 842 projects/132,469 rooms. New highs in the starts next 12 month stage can be attributed to the announcement of a record number of new upper midscale and midscale projects into the pipeline as well as delays in new construction projects that were announced in the second half of 2019 and were stalled at the beginning of 2020 due to COVID-19. These projects are expected to advance over the next few quarters as construction in China has resumed. Projects in the early planning stage stand at 450 projects/106,832 rooms, up 11% by projects and 6% by rooms YOY. In the second quarter of 2020, China only opened 101 new hotels with a record-low number of rooms totaling 14,150.

    Guangzhou leads China’s pipeline with a 140 projects, a record-high number of projects, having 27,753 rooms. Chengdu, also at an all-time high project count, follows with 134 projects/27,073 rooms. Next is Shanghai at 125 projects/23,666 rooms, then, Wuhan with 102 projects/14,010 rooms and Xi’an with 95 projects/16,714 rooms.

    Franchise companies topping China’s construction pipeline are Hilton Worldwide with 529 projects/106,986 rooms, InterContinental Hotels Group (IHG) with 405 projects/86,455 rooms, and Marriott International with 341 projects/93,181 rooms. All three of these companies recording record highs in the country. Next is JinJiang Holdings, with 313 projects/31,260 rooms and AccorHotels with 209 projects/34,684 rooms.

    The pipeline’s brands are dominated by Hampton by Hilton, at an all-time high, with 321 projects/49,427 rooms. Hilton’s second-largest brand is DoubleTree, with 65 projects/17,789 rooms. IHG’s leading brand in China is Holiday Inn Express, at a record count, with 196 projects/33,619 rooms and then Holiday Inn, with a record number of projects, at 66 projects/16,136 rooms. Marriott International’s top brands are Marriott Hotel & Resorts with 74 projects/22,419 rooms and Fairfield Inn with 44 projects/6,814 rooms. Leading brands for JinJiang Holdings are Vienna Hotel with 133 projects/12,952 rooms and 7 Days Inn with 108 projects/8,496 rooms. AccorHotels’ leading brands are the Ibis brands with 86 projects/9,052 rooms, and Mercure Hotel, at an all-time high, with 62 projects/10,043 rooms.

    According to research by LE’s market intelligence team, hotel construction projects in most major cities have resumed and we can expect a flurry of construction to occur during the second and third quarters of this year. Many developers are estimating a delay in projects of only a couple of months.

    *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. At the 2020 second quarter close, the Asia Pacific Hotel Construction Pipeline, excluding China, shows continued growth* August 17, 2020
    According to the recent Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, grew to 1,906 projects/404,520 rooms, up 6% and 3% respectively, year-over-year (YOY).

    The region currently has 996 projects, a cyclical peak for the region, and 225,734 rooms under construction. There are 415 projects with 82,122 rooms scheduled to start construction in the next 12 months, and 495 projects/96,664 rooms in the early planning stage, up a remarkable 19% by projects and 12% by rooms YOY. Additionally, during the second quarter of 2020, the Asia Pacific region, excluding China, saw 39 new hotels accounting for 8,863 rooms open.

    Countries with the largest pipelines in Asia Pacific, excluding China, are led by Indonesia, with 345 projects/56,373 rooms. Next is India with 263 projects/35,839 rooms, and Japan with 243 projects/46,852 rooms. These three countries account for 45% of the projects in the Asia Pacific, excluding China, total pipeline. Australia follows with 179 projects/33,672 rooms and then Vietnam with 157 projects/62,085 rooms.

    Asia Pacific cities with the largest construction pipelines are led by Jakarta, Indonesia with 78 projects/13,508 rooms. Next is Seoul, South Korea with 67 projects/13,233 rooms and Tokyo, Japan with 59 projects/14,216 rooms. Kuala Lumpur, Malaysia follows with 50 projects/13,325 rooms and Bangkok, Thailand with 50 projects/12,711 rooms.

    The top four franchise companies in the region are: Marriott International, at an all-time high, with 294 projects/63,558 rooms; AccorHotels with 214 projects/45,407 rooms; InterContinental Hotels Group (IHG) at 160 projects/33,721 rooms; and Hilton Worldwide, also at an all-time high, with 99 projects/22,797 rooms.

    Top brands in Asia Pacific’s construction pipeline, excluding China, are Marriott International’s Fairfield Inn at 51 projects/7,495 rooms and Courtyard at 40 projects/8,295 rooms, both at record highs by project count. AccorHotels’ Ibis brands have 46 projects/9,080 rooms and Novotel has 41 projects/9,973 rooms. IHG’s top brands are Holiday Inn with 58 projects having 12,100 rooms and Holiday Inn Express with 30 projects/6,063 rooms. This is followed closely by IHG’s InterContinental Hotels, having record high counts, with 21 projects/4,986 rooms. Hilton Worldwide’s top brands include Hilton Hotel & Resort, at a record high, with 34 projects/9,464 rooms and DoubleTree by Hilton with 32 projects/6,446 rooms. Additionally, Hilton’s Garden Inn brand has hit a record high this quarter with 22 projects/4,560 rooms.

    Asia Pacific was one of the first regions of the world to successfully control the spread of COVID-19. This allowed for hotel construction to gradually restart at the end of April, causing only slight delays to project timelines. While the region has begun to see a resurgence of COVID-19 in some areas, it has not had a significant impact on hotel development and most developers are optimistic that projects will continue as planned.

    *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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.

  11. 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.

  12. 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.

  13. 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.

  14. 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.”

  15. 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