Lodging Econometrics

Projects under construction stand at 78 projects/9,887 rooms. Projects scheduled to start construction in the next 12 months are at

At the end of Q1‘21, the franchise company with the most projects in the under construction stage of the pipeline

New York City has the greatest number of projects under construction with 110 projects/19,457 rooms.

Although hotel development may still be tepid in Q1, continued government support and the extension of programs has aided many

In the fourth quarter, the Middle East opened only 18 new hotels accounting for 6,174 rooms, the highest hotel count

Forty-four percent of the projects in the construction pipeline In the Middle East are found within these five cities: the

Rooms under construction stand at an all-time high of 151,471 rooms from 921 projects and are up 11% by projects

Projects in the early planning stage are at 119 projects/26,422 rooms. Additionally, in the second quarter, the Middle East opened

During the first quarter of 2020, Europe opened a mere 35 new hotels with 5,998 rooms. This is the lowest

In the first quarter of 2020, Marriott International is the top franchise company in the Middle East with a record