PORTSMOUTH, NH – Lodging Econometris reports that after
being locked in a bottoming formation for nine quarters, the Construction
Pipeline increased in 2013 to 3,020 Projects/ 382,958 Rooms, a Year-Over-Year
(YOY) increase of 10% by projects and 12% by rooms.
It's the first YOY
double-digit increase since before the recession.
The volume bounce from the 2Q11 bottom is significant
because it starts the second leg of the new real estate cycle where Pipeline
growth is expected to steadily increase as single asset and portfolio selling
prices are now at record highs, signaling the point where it will be cheaper to
build new hotels than to buy existing ones.
For a
complete copy of the company’s news release, please contact:
Jennifer McLynch
Marketing
Communications Manager
Lodging
Econometrics
P: +1
603.431.8740, ext. 16
F: +1 603.431.4418
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