Friday, November 8, 2013

Lodging Construction Pipeline Growth Continues at Modest Pace




PORTSMOUTH, NH – Lodging Econometrics’ current Real Estate Trends report shows growth in the pipeline remains sluggish and is likely to continue that way at least thru early 2014 as ongoing political and economic uncertainty continue to affect developer sentiment.

As of Q3 2013 the Total Construction Pipeline stands at 2,819 Projects/ 358,691 Rooms, a year-over-year (YOY) increase of just 2% by projects and 5% by rooms. Hotels Under Construction have uptrended for nine quarters and are now at 710 Projects/ 92,065 Rooms, a YOY increase of 27% for Projects and 30% for Rooms.

Totals for Hotels Scheduled to Start in the Next 12 Months have increased off the bottom established in Q2 2012 and stand at 1,008 Projects/ 122,905 Rooms, a YOY increase of 17% and 22% respectively.

Projects in Early Planning have been in steady decline since their peak in Q4 2010, and show a YOY decrease of 19% for Projects and 15% for Rooms.

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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