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Hotel construction in the US increases from February 2023

The volume of U.S. hotel rooms under construction reached its highest level in 16 months, according to CoStar’s June 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.  From June 2023 to June 2024 there is a strong hotel construction. Construction rates have increased by […]

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Hoteliers triple ancillary revenue with offers not tied to room reservations as Sabre reveals

Sabre Hospitality, a division of Sabre Corporation, a leading provider of software and technology powering the global travel industry, today announced the next evolution of its retail solution: SynXis Retailing. With the addition of standalone offers, not bound by room reservation and automated fulfillment powered by Nuvola, SynXis Retailing is the most comprehensive retail solution […]

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LE: Over 1,700 new hotels in the pipeline in Europe by the end of March

Over 1,700 (1,705 to be precise) investment projects for new hotels in Europe, with a total capacity of 253,777 rooms, made their debut at the close of the first quarter of 2024, according to data from Lodging Econometrics (LE). More specifically, 45% of hotel projects are under construction, with 762 hotels and 117,815 rooms. Another […]

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Wyndham Achieves Milestone Growth Across Europe, Middle East, Eurasia, and Africa in 2023

-World’s largest hotel franchisor introduced 9 brands into new countries, signed over 100 contracts, opened 87 new hotels and added 9,500 rooms -Welcomed its first Registry Collection Hotel—the Ajul Luxury Hotel & Spa Resort on Greece’s dazzling Chalkidiki peninsula Wyndham Hotels & Resorts, the world’s largest hotel franchising company with 25 brands and approximately 9,200 […]

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The first increase in hotel activity in the U.S occurred in 9 months according to CoStar data

The volume of U.S. hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data. The change projected in March 2024 compared to March 2023 is an increase of 1.5% in terms of new hotel construction, 39.5% in terms of development planning and 9.8% in terms […]

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Hilton Hotels & Resorts: “Arrival” in five new markets in 2024 | One in five hotel rooms under construction in the company’s portfolio

After a strong 2023, where Hilton Hotels & Resorts achieved the largest growth programme in its history, opening a record 24,000 rooms in 132 hotels in the last quarter of the year, the leading hotel group is planning its next steps for 2024, which include new hotel arrivals. Hilton now has more new rooms under […]

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LE: “Premiere” for over 2,500 new hotels worldwide in 2024 | About 2,000 hotels opened last year

Around 2,000 (1,978 to be precise) hotels debuted in 2023, globally, representing 292,380 rooms, while more than 2,500 hotels are set to open in 2024 and even more in 2025, according to Lodging Econometrics (LE) estimates. In more detail, out of the 1,978 hotels that opened their doors last year, 636 hotels with 94,559 rooms […]

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Europe’s key hotel markets showed improved profitability in February

Europe’s key hotel markets reported month-over-month improvement in gross operating profit per available room (GOPPAR), according to STR‘s February 2023 P&L data release.  London’s February GOPPAR reached US$65.55, which was 83% of the pre-pandemic comparable. In January, the market reported GOPPAR at US$42.06, which was 65% of the 2019 level. Amsterdam followed with a GOPPAR of […]

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STR: U.S. hotel construction up year over year for first time since late 2020

After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December, according to pipeline data from STR. At a market-level, New York City, Phoenix and Dallas are set to see the largest supply percentage increases from current construction. Among the chain scales, the Luxury and Upscale segments lead in that measurement. U.S. […]

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AHLA: Hotels’ recovery continues

Midway through 2022, the hotel industry continues to make strides toward recovery, with nominal hotel room revenue and state and local tax revenues projected to exceed 2019 levels by the end of this year, according to the American Hotel & Lodging Association (AHLA)’s 2022 Midyear State of the Hotel Industry Report. Hotel room revenue in […]

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