Lodging Econometrics

The cities in Europe with the largest pipelines at Q2 are led by London, with 82 projects/14,767 rooms, and Istanbul,

Twenty-seven projects accounting for 3,796 rooms started construction in Q2 of 2023. New projects announced into the pipeline during the

The top provinces in Canada with the most projects in the pipeline at the end of the quarter are dominated

The leading brands for each of these three companies are Home2 Suites by Hilton with record-highs of 565 projects/57,970 rooms,

For the first half of 2023, the U.S. opened 224 new hotels/27,194 rooms with another 384 new hotels/48,607 rooms expected

Projects under construction have experienced modest QOQ growth over the past year and currently stand at 1,062 projects/141,681 rooms, up

Renovations and brand onversions tick upward.

Ontario continues to lead Canada’s construction pipeline with record-high project and room counts of 162 projects/21,945 rooms and accounts for

The leading brands by project count for the three companies with the largest pipelines in the U.S. at Q1 are

Markets with the greatest number of projects already under construction at the Q1 close are New York with 54 projects/8,682