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
Europe’s hotel construction pipeline continues to boom
The total pipeline increased a robust 18 per cent by projects and 21 per cent by rooms year-over-year. @LodgingEconomet
Global construction pipeline projects on the rise
Global construction pipeline projects have been ascending for 4.5 years and have reached record highs September 14, 2018. @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
Extended-stay hotels set for substantial growth according to US hotel construction pipeline
Through the first half of the year, there are 1,288 projects/136,649 rooms of extended-stay projects in the US hotel construction pipeline according to Lodging Econometrics (LE). 400 Projects/44,738 rooms are under construction, and account for 26 per centÊof all projects under construction in the total pipeline.
Seoul, Jakarta and Tokyo have largest hotel pipelines
Excluding China, the leading franchise companies in Asia’s hotel construction pipeline are: InterContinental Hotels Group (IHG) with 26,211 Rooms/116 Projects, Marriott International with 25,912 Rooms/110 Projects and Starwood Hotels & Resorts with 25,632 Rooms/115 Projects.
