Lodging Econometrics

LE’s forecast for new hotel openings predicts that New York City will lead the nation for new hotel openings in

Hotel renovations in Canada are up substantially YOY, with project counts three times larger than they were at this time

At the close of Q3, there are 987 projects/135,050 rooms under construction in the U.S. Projects scheduled to start construction

There are 6,074 projects/1,110,174 rooms currently under construction at the Q2 close.

At Q2, projects presently under construction throughout the region stand at 332 projects/91,858 rooms. Projects scheduled to start construction in

At Q2 2022, Europe’s hotel construction pipeline stands at 1,706 projects and 265,818 rooms. There are 817 projects/131,772 rooms currently

Currently, there are 59 projects/7,657 rooms under construction in Canada. Projects scheduled to start construction in the next 12 months

Marriott International has the most projects under construction and scheduled to start within the next 12 months, with 249 projects/33,398

The five top markets with the most projects currently under construction are New York City, with 78 projects/13,063 rooms; Atlanta,

At Q2 ‘22, there are 965 projects/130,914 rooms currently under construction, down 17% YOY by projects and 18% YOY by