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Lodging Econometrics
ORGANIZATION
Lodging Econometrics
http://www.lodging-econometrics.com
500 Market St., Suite 13
USA
- Portsmouth, NH 03801
Phone: (603) 431-8740
Fax: (603) 431-4418
Full service real estate firm emphasizing hotel brokerage, management, and consulting. Sales exceed 150 hotels this decade worth over $400,000,000. Provides: Brokerage, evaluation and consulting services to owners, buyers, and lenders; portfolio and property management services for asset security, revenue improvement, expense control, cash flow maximization, and value enhancement. Its research subsidiary is Lodging Econometrics.
ONLINE DOCUMENTS
 Europe: H1 2008 Lodging Pipeline Report
Europe’s Total Construction Pipeline is at 1,022 projects/172,249 rooms at the end of Q2. Key Development Metrics indicate the economic slowdown and tight lending environment are eroding developer sentiment, meaning that the Pipeline has likely reached peak levels for the cycle and will be in decline moving forward. At the front end of the Pipeline, Under Construction totals have risen steadily for the last six quarters and appear to be at their zenith at 574 projects/94,994 rooms. These projects acquired financing before the global credit crisis crested and are expected to come online as New Hotel Openings through early 2010.
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 LE Caribbean, Mexico & Central America: Mid-Year 2008 Construction Report
Pipeline Highlights at Q2 | At the end of Q2, the Construction Pipeline project count likely reached a high for this cycle at 329 projects/65,115 rooms. | 160 projects, 49% of the Pipeline, have not begun construction as yet. | 71% of the Pipeline’s total projects have selected a brand. | The region’s Pipeline has a heavy concentration of Luxury and Upper Upscale projects sited at resort beachfront destinations. There is also significant development of Midscale brands, particularly in Mexico’s secondary cities. | Activity for projects with vacation ownership components is brisk, with 3,870 Timeshare and 9,389 Condo Hotel units under development. Also, there are 49 hotel projects developing a total of 8,138 Private Residences.
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 LE Canada Construction Pipeline at 245 Projects/32,499 Rooms at Mid-Year
The Construction Pipeline stands at 245 projects/32,499 rooms, a slight decline from the cyclical peak in Q1 2008 | With 103 projects/17,181 rooms, the top 6 markets account for 42% of the total projects and 53% of all rooms in the Pipeline | 33% of Pipeline projects are already Under Construction and near certain to come online as New Supply | Nearly 80% of the projects in the Pipeline have already made branding decisions | Development is heaviest in Upscale, Midscale w/o Food & Beverage and Economy. The average project size is 133 rooms | LE has revised its Forecast for New Hotel Openings downward to a 3.4% gross growth rate in 2008 and 3.3% in 2009.
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