Data & Research
-
Lodging Market Should Recover Fully By 2023
DALLAS––CBRE is raising its forecasts of hotel performance for 2022 and beyond, based on Q1 2022 strength, continued slowing of construction activity, higher inflation and continued optimism about employment and economic growth. CBRE’s forecasts call for a full recovery in…
-
Marriott, Hilton, And IHG Account For 67% Of U.S. Construction Pipeline Projects
In the recently released Q1 2022 United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest U.S. construction pipelines at the end of 2022’s first quarter are Marriott International, with 1,359 projects/171,820 rooms, followed…
-
Marcus & Millichap’s Institutional Property Advisors (IPA) Division Adds Multi-family Research Expert
CALABASAS, CA–Marcus & Millichap, Inc. (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that Greg Willett has joined the firm as first vice president responsible for spearheading the…
-
CBRE Updates U.S. Lodging Forecast To Further Account For Delta Variant’s Impacts
DALLAS–– The COVID-19 Delta variant’s emergence and spread has hampered plans for group and business travel this fall and winter, spurring CBRE Hotels Research to temper its expectations in September 2021 for Q4 2021 U.S. lodging performance on a national…
-
Lodging Econometrics Founder Ford Passes At 78
Patrick H. “Pat” Ford, founder/chairman of Lodging Econometrics, died on June 7. He was 78. He founded the Portsmouth, NH-based firm in the mid-’90s. It was the first company to comprehensively track all-new hotel development and the status of every…
-
At Q1‘21 Close, Latin America’s Hotel Construction Pipeline Has 604 Projects
According to Lodging Econometrics’ (LE’s) Construction Pipeline Trend Report for Q1 2021, the Latin America Hotel Construction Pipeline stands at 604 projects/104,275 rooms, down 14% by projects and 16% by rooms, year-over-year (YOY). These are the lowest project and room…
-
Vaccinations, Economic Stimulus Spur Stronger Second Half For U.S. Hotels
DALLAS–The continued rollout of COVID-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry. According to the February 2021 edition of Hotel Horizons®, CBRE Hotels Research is forecasting an average national occupancy…
-
HotStats Data Reveals After Unanticipated 2020, Hotel Industry Knows What It’s Up Against
LONDON–The end of 2020 is not the end of the problems for the global hotel industry, but it does bring hope on the wings of a vaccine that, in time, could be a panacea for what ails it: fear. The…
-
STR: 2020 Officially The Worst Year On Record For U.S. Hotels
HENDERSONVILLE, TN—The U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), according to year-end 2020 data from STR. In addition to historically low absolute levels in the aforementioned metrics, average daily rate (ADR) came in…
-
Profit Plunge Has Hotel Industry Looking To Brighter 2021
LONDON – As a fresh round of stricter COVID-related guidelines grip many parts of the world heading into the new year, the hotel industry is still feeling and reeling from the sting of the pandemic, though breakthrough vaccines could be the…