72% of the projects in the Middle East are in the top three high-end chain scales of luxury, upper upscale, and upscale.
Real estate investment hits record as headwinds emerge
Pandemic-hit sectors like offices and retail are making a comeback.
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.
Latin America’s hotel construction pipeline
Latin America hotel construction pipeline is down 7% by projects and 11% by rooms, year-over-year at the end o Q1 2022.
Province of Ontario leads Canada’s hotel construction pipeline
At the close of the first quarter, projects under construction in Canada stand at 62 projects/8,114 rooms.
Marriott, Hilton, and IHG lead U.S. construction pipeline
These three companies combined account for 67% of the projects and 66% of the rooms in the total U.S. construction pipeline.
Dallas continues to lead the U.S. hotel construction pipeline
Following Dallas, the U.S. markets with the largest hotel construction pipelines by project count are Atlanta, Los Angeles, New York, and Phoenix.
Decline continues in U.S. hotel construction, but planning activity is up
Planning activity continues to rise nationally with markets like Miami, Phoenix and San Francisco showing increased interest from developers.
Asia Pacific hospitality update – Week ending 25 March 2022
Ascott Acquires Two Properties in Ningbo China and Amsterdam for around USD190 million.
Israel’s tourism sector ready for recovery
The Israel Ministry of Tourism and HVS presented a live event last week at Expo Dubai focussing on hotel opportunities in Israel.
