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 continues 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.
U.S. hotel construction pipeline remains robust
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.
U.S. hotel construction pipeline continued to expand despite COVID-19*
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.
Trends in the hotel construction industry
Going green and eco-friendliness is just one of the big focuses of new hotels.
Houston: third highest hotel construction pipeline in the US
Houston has a total of 150 projects/16,473 rooms in the construction pipeline, the third highest in the U.S. behind New York City and Dallas. @LodgingEconomet
Middle East’s hotel construction pipeline hits record high
Analysts at Lodging Econometrics (LE) report that in the third quarter of 2018 the hotel construction pipeline in the Middle East has set another cyclical high with the total pipeline standing at 617 projects/180,097 rooms. @LodgingEconomet
Rapid expansion in the Middle East’s hotel construction
In the recent Middle East hotel construction pipeline report by analysts at Lodging Econometrics (LE), the region continues to show rapid pipeline expansion in the second quarter of 2018 with the highest counts since 2007 when LE first began recording. @LodgingEconomet
13 tips to delivering a successful hotel project
The trilogy of time, cost and quality are vitally important in a hotel project and none of the three should ever be compromised.
New York hotel market chases recovery
New York City has been working through an enormous hotel construction pipeline for the past several years Ñ the largest in the nation Ñ and one that is expected to keep a lid on rates and room revenue until sometime next year.Ê
