Global hotel pipeline tipped to peak
NEW YORK – The US company Lodging Econometrics (LE) says the lending crisis has brought a worldwide slowing of the forward migration of pipeline hotel as project financing dries up.
“This indicates a possible cresting for new openings in 2010 and a potential peak for the cycle,†it says.
Lodging Econometrics reports 74% of all projects in the hotel pipeline have already chosen a brand while 2,811 projects are currently labeled as independents, of which approximately 70% will choose a brand prior to opening.
“This represents significant opportunity for global franchise development teams,†said LE.
InterContinental has the largest construction pipeline in the world with 1,645 projects and 218,219 rooms.
In addition to its InterContinental and Crowne Plaza brands, it has a portfolio of select service brands that are uniformly being developed across the globe led by its Holiday Inn and Holiday Inn Express labels. Staybridge Suites is a more recent portfolio addition globally.
Marriott, with 946 projects and150,873 rooms, has the largest global pipeline of luxury and upper upscale projects. Most are world-class, state-of-the-art designs in capitals and other major cities, business and economic hubs and leading resort locations in both mature countries and emerging economies.
JW Marriott, Ritz Carlton, Marriott Hotels and Resorts, Renaissance, and the upscale Courtyard brands have created Marriot’s worldwide positioning.
Hilton Hotels’ global pipeline has 1,027 projects and 139,201 rooms. After the recent merger between the US-based Hilton Group and Hilton International, their global development strategies have accelerated.
Development staffs have been increased to introduce Hilton’s select service brands, Hilton Garden Inn and Hampton Inn, globally. Doubletree has also been launched worldwide, primarily as a high-end conversion brand
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent