Two of the four world regions, Europe and Asia Pacific, showed an increase in hotel pipeline activity at the end of the third quarter.
U.S. hotel construction down 48,000 rooms
The number of U.S. hotel rooms in construction is down roughly 48,000 from the country’s all-time high in April 2020.
Construction loan confirmed for The Printing House
LCP announced a $45,250,000 construction loan to Sun Development fr The Printing House, a Tapestry by Hilton.
The Latin America hotel construction pipeline continues to regress
Currently at the lowest number of projects in the Latin America construction pipeline since the first quarter of 2012.
Europe remains only world region with increased hotel construction
At the end of Q2 2021, Europe remained the only world region with a year-over-year increase in hotel rooms in construction
Hotel construction down around the world except Europe
Europe is the only world region showing increased hotel construction activity in comparison with the end of Q1 last year.
Europe’s hotel construction pipeline increased by 2%
Rooms under construction are at an all-time high of 967 projects/157,833 rooms.
The New York City market is back on top
New York City leads the U.S. hotel construction pipeline as at the end of 2020.
Latin America’s hotel construction pipeline shows continuing decline
Analysts at Lodging Econometrics state in the Q2’20 Latin America Hotel Construction Pipeline Trend Report, that the total construction pipeline is down 4% by projects and rooms, year-over-year.
Canada’s hotel construction pipeline gontinues to expand year-over-year
According to analysts at Lodging Econometrics, Canada’s hotel construction pipeline continued to expand at the close of Q2’20.
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