Hotel construction pipeline hits new record

Thursday, 23 Jan, 2006 0

The hotel construction pipeline has grown to 3,067 projects with more than 415,000 rooms, reports Lodging Econometrics in its latest 2006 report.

“It’s the highest pipeline since 2000 and is growing at a rapid rate,” said Patrick Ford, president.

Ford said developer confidence is being buoyed by the very strong recovery in lodging operations.

He said he expects the numbers to continue to grow through the end of the decade.

The report said the hotel market bottomed out in 2003 and has been recovering since then.

Lodging developers in high density central business districts and in popular resort destinations along both coasts are often benefiting from the boom in residential real estate, the report said.

A trend noted by the report was that the development of larger hotels in the top 25 markets and in major resort destinations almost always include a residential component.

Report by David Wilkening



 

profileimage

David



Most Read

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
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...