Lodging Econometrics | provided by Hsyndicate

Lodging Econometrics: New hotel construction down in 2010

Mon, 25 Jan 2010 17:09:03 +0200

Lodging Econometrics predicts that just 717 hotels, representing 82,620 rooms, will open in 2010. This is a 56% drop from 2009, when 1,301 hotels with 146,929 rooms opened. The new openings peak for the cycle was 1,345 hotels/154,667 rooms recorded in 2008.

Europe, Middle East, Africa Q2 2009 Construction Pipeline - Lodging Econometrics

Wed, 09 Sep 2009 15:10:17 +0200

In Europe, New Project Openings peaked in 2008 at 312 hotels having 43,219 rooms. New Openings will remain high through 2010 then start to decline markedly in 2011 and thereafter. LE expects 147 projects/27,547 rooms to open in 2011, down 36% by rooms from the 2008 peak.

Europe, Middle East, Africa Q2 2009 Construction Pipeline - Lodging Econometrics

Wed, 09 Sep 2009 02:18:54 +0200

For the first time, Lodging Econometrics (LE) has compiled and announced its 2011 Forecast for New Hotel Openings for Europe, the Middle East and Africa. 322 projects/72,077 rooms are forecasted to come online in 2011. LE has also adjusted its forecasts downward for 2009 and 2010 due to the recessionary declines that continue to impact the lodging industry and project totals in the Pipeline throughout the region. The 2009 forecast has been reduced to 380 new hotels/63,244 rooms, down a substantial 10,328 rooms. The 2010 forecast, adjusted down by 7,340 rooms, calls for New Openings of 392 projects/81,921 rooms.

Europe, Middle East, Africa Q2 2009 Construction Pipeline - Executive Summary (Adobe PDF Document)

Wed, 09 Sep 2009 02:17:00 +0200

Europe, Middle East & Africa Construction Pipeline Executive Summary | Lodging Forecast Reports

Tue, 04 Aug 2009 11:59:55 +0200

The global economic crisis, which has affected credit availability and caused decreases in consumer and business travel, resulting in occupancy and room rates declines throughout EMEA, is also having a serious impact on lodging development.

LE's Q1 2009 Global Construction Pipeline Summary

Tue, 30 Jun 2009 18:31:59 +0200

Since its peak of 10,781 projects/1,819,486 rooms in Q2 2008, the Total Global Construction Pipeline has decreased 16% and 17%, respectively, to 9,108 projects/1,502,497 rooms at the end of Q1 2009. The world’s two largest Pipe¬lines show the steepest rates of decline, with the US falling 16% by projects and 21% by rooms and Asia Pacific down 18% by projects and 16% by rooms.

LE's Q1 2009 Global Construction Pipeline Summary

Tue, 30 Jun 2009 17:50:03 +0200

Global Pipeline Off 16% Since Peak | Lodging Econometrics (LE)

Tue, 30 Jun 2009 17:24:10 +0200

Asia Pacific Hotel Construction Pipeline | Q1 2009 | Overview

Wed, 10 Jun 2009 23:02:08 +0200

There is mounting evidence that the precipitous economic declines in many countries in Asia Pacific may be close to ending. A bottom is likely forming, hopefully to be followed by a modest recovery. Declines from the peak were caused mainly by the dramatic fall-off in the region’s manufactured exports brought on by the worldwide recession and the drying up of cross-border financing. Like in other regions of the world, the new economic base line will be significantly below the 2007 highs.

Asia Pacific Hotel Construction Pipeline | Q1 2009 | Project Cancellations/Postponements

Wed, 10 Jun 2009 23:02:02 +0200

Q1 2009 Asia Pacific Hotel Construction Pipeline | Lodging Econometrics

Wed, 10 Jun 2009 00:42:51 +0200

U.S. Hotel Construction Pipeline Decelerating Rapidly

Wed, 29 Apr 2009 22:04:51 +0200

In Q1 2009, the US Construction Pipeline decelerated rapidly and now stands at 4,918 projects / 619,431 rooms. Compared to the Pipeline peak in Q2 2008, this is a drop of 16% by projects and 21% by rooms, a substantial fall-off for a three-quarter period. Current pipeline trends are beginning to reflect the deep recession in the economy, the banking crisis, the evaporation of mortgage lending, and serious shortfalls in lodging operating performance.

Asia Pacific Construction Pipeline Q4 2008 | Lodging Econometrics

Wed, 25 Mar 2009 03:43:49 +0200

Heavily reliant on their manufacturing and exporting industries, Asian economies are seeing sizable, even historic, contraction, as global demand for goods produced in the region has plummeted. Several countries, including Japan, Taiwan and Thailand, reported negative GDP growth in Q4 2008. The blockbuster economies of China and India still expect positive GDP growth this year, however the rate of growth will be significantly slower, falling to rates not seen since earlier in the decade. LE expects the macroeconomic indicators to continue trending downward into 2010.

Asia Pacific Construction Pipeline Q4 2008 | Lodging Econometrics (Adobe PDF Document)

Wed, 25 Mar 2009 03:42:32 +0200

Europe, Middle East & Africa Q4 2008 construction pipeline | Lodging Econometrics

Mon, 16 Mar 2009 10:28:12 +0200

Europe has the largest Pipeline in EMEA with 971 projects/161,236 rooms at the end of Q4 2008. The Middle East's Total Pipeline has 503 projects/147,488 rooms. Africa's totals 171 projects/35,267 rooms. As in other parts of the world, the Pipelines in these regions are heavily weighted for the near-term. 50% of Europe's projects and 53% of projects in both the Middle East and Africa are already Under Construction. This is due to the rush by developers during Q4 2007 and Q1 2008 and through the fall in the Middle East to get projects in the ground before the availability of lending was further reduced.

Europe, Middle East & Africa Q4 2008 construction pipeline | Lodging Econometrics (Adobe PDF Document)

Mon, 16 Mar 2009 10:25:54 +0200

Canada: 2009 Lodging Report A Client Advisory on the Construction Pipeline & Forecast for New Hotel Openings

Thu, 26 Feb 2009 16:42:40 +0200

Canada’s Total Construction Pipeline peaked in Q1 2008 at 265 projects/ 33,964 rooms. The Pipeline has declined each quarter since then, with Q4 ending at 237 projects/29,408 rooms. This is a total decline from the peak of 11% by projects and 13% by rooms.

Canada: 2009 Lodging Report A Client Advisory on the Construction Pipeline & Forecast for New Hotel Openings (Adobe PDF Document)

Thu, 26 Feb 2009 16:40:37 +0200

With Canada’s economy and banking system not as seriously impacted by the global economic crisis, developer sentiment is less negative than in the rest of the Americas. Migration of projects up the Pipeline toward Construction has remained strong. Construction Starts in Q4 increased 14% QoQ to 19 projects/2,153 rooms. Cancellations/Postponements may be high at 23 projects/4,094 rooms, however many are larger (including two hotels greater than 500 rooms) high-end projects for which financing is not easily accessible. New Project Announcements into the Pipeline, at 40 projects/4,844 rooms, are at a five-quarter high. Most of the new announcements are in the select service segments.

2009 Latin America Construction Pipeline Report | Lodging Econometrics

Thu, 19 Feb 2009 13:57:15 +0200

At the end of 2008, the Total Construction Pipeline for Latin America was 616 projects/107,433 rooms. Pipeline totals were down 10% by projects and 16% by rooms from the cyclical peak in Q1 2008. While the region’s Pipeline is trending down, to date the retreat is not as steep as it is in other world regions. Developers still consider it an attractive area for lodging development, particularly if they are partnered with a major hotel franchise company. • The region’s Pipeline is front-end loaded, with 55% of total projects already Under Construction. Having secured financing before the economic slowdown and global credit crisis impeded lending, these projects will most likely enter as new supply, with the rate of New Openings ramping up through 2010.

2009 Latin America Construction Pipeline Report | Lodging Econometrics (Adobe PDF Document)

Thu, 19 Feb 2009 13:55:04 +0200