According to the Q3 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, the hotel construction pipeline in the region stands at 535 projects/134,897 rooms.
Hotel conversions in Europe’s Hotel construction pipeline reach all-time high
According to the Q3 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter, Europe’s hotel construction pipeline stands at 1,660 projects/with 258,476 rooms. Projects under construction in Europe stand at 790 projects/with 126,899 rooms, while projects planning to start construction in the next 12 months recorded 408 projects/with 60,085 rooms. Projects in the early planning stage have 462 projects/71,492 rooms.
Asia Pacific’s Hotel construction pipeline, excluding China, is up 7%
According to the recent Q3 2022 close of the Construction Pipeline Trend Report for the Asia Pacific region from Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, stands at 1,881 projects/401,545 rooms, up 7% by projects and 5% by rooms Year-Over-Year (YOY).
Latin America’s Hotel construction pipeline are up 22% YOY
In the Q3 2022 Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the total construction pipeline stands at 548 projects/90,728 rooms, down 5% by projects and 12% by rooms, year-over-year (YOY).
Hotel renovation projects in Canada show substantial YOY increase at Q3 close
According to the recent Hotel Construction Pipeline Report for Canada by Lodging Econometrics (LE), LE analysts report that in the third
quarter of 2022 the total construction pipeline in Canada stands at 263 projects/34,825 rooms, up 2% by projects and rooms year-over-year (YOY).
Decline in U.S. hotel construction is easing
September 2022 was the third consecutive month with an uptick in U.S. hotel construction, while year-over-year declines have been lessening each month since May 2022, according to STR.
U.S. hotel construction continued on a downward trajectory in June
While U.S. hotel construction has declined for seven consecutive months, rooms in construction in both New York City and Nashville represent a significant percentage of those markets’ existing supply.
Hotel pipeline activity down across the global regions
Each of the four world regions showed a year-over-year decline in hotel pipeline activity at the end of the second quarter.
Middle East hotel construction pipeline stalled
72% of the projects in the Middle East are in the top three high-end chain scales of luxury, upper upscale, and upscale.
Europe’s hotel construction pipeline sees slight decline
According to Lodging Econometrics, Europe ends 2022’s first quarter with 11% decrease by rooms year-over-year.
