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
No comments:
Post a Comment