STR Global reports the Asia/Pacific pipeline for October 2009
The Asia/Pacific hotel development pipeline includes 985 hotels comprising 235,931 rooms, according to the October 2009 STR Global Construction Pipeline Report released this week.
Reports
STR Reports Canada Performance For Week Ending 7 November
The Canadian hotel industry posted declines in all three key performance measurements during the week of 1-7 November, according to data from STR. In year-over-year measurements, the industry’s occupancy decreased 9.6 percent to end the week at 59.1 percent. Average daily rate dropped 3.7 percent to finish the week at CAD$122.13. Revenue per available room for the week decreased 13.0 percent to finish at CAD$72.21.
STR reports U.S. hotel pipeline for October 2009
The total active U.S. hotel development pipeline includes 4,089 projects comprising 435,265 rooms, according to the October 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 32.7-percent decrease in the number of rooms in the total active pipeline compared to October 2008. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Pre Planning stage.
STR Global Reports Europe Hotel Pipeline For September 2009
The Europe hotel development pipeline includes 547 hotels comprising 89,205 rooms, according to the September 2009 STR Global Construction Pipeline Report released this week.
STR Reports Caribbean And Mexico Hotel Pipeline For September 2009
The Caribbean/Mexico hotel development pipeline includes 133 hotels comprising 19,434 rooms, according to the September 2009 STR Construction Pipeline Report released this week.
STR Global reports the Asia/Pacific hotel pipeline for September 2009
The Asia/Pacific hotel development pipeline includes 970 hotels with 232,502 rooms, according to the September 2009 STR Global Construction Pipeline Report released this week.
STR Global Reports Central And South America Hotel Pipeline For September 2009
The Central/South America hotel development pipeline includes 141 projects with 21,751 rooms, according to the September 2009 STR Global Construction Pipeline Report released this week.
STR Global Reports Middle East/Africa Hotel Pipeline For August 2009
The Middle East/Africa hotel development pipeline includes 442 hotels comprising 120,589 rooms, according to the September 2009 STR Global Construction Pipeline Report released this week.
HVS EMEA Hospitality Enews - Week Ending 2 October 2009
A For Expansion | W For Barcelona | Happy Reading For von Essen Hotels | Best Western Now Showing In Egypt | Some New Stars Come Out In France | Hotel Planned At Bristol International Airport | Legacy In Cardiff: It Is Its Will | The Norwegian Blu | Lime Wood To Flavour The New Forest | Kiessling's Corner | A Pointer To The International Hotel Conference
HVS EMEA Hospitality Enews - Week Ending 11 September 2009
The Hotel National Luxuriates In Moscow | Barceló Debuts In Egypt | A Holiday Inn For Barnsley | A Double Celebration For Jurys Inns | Marriott Drops Anchor in Dubai Marina | Address Number Three For Dubai | A Touch Of Southern Sun For Hyde Park | A Trading Update From Whitbread | Kiessling’s Corner
Europe, Middle East, Africa Q2 2009 Construction Pipeline - Lodging Econometrics
For the first time, Lodging Econometrics (LE) has compiled and announced its 2011 Forecast for New Hotel Openings for Europe, the Middle East and Africa. 322 projects/72,077 rooms are forecasted to come online in 2011. LE has also adjusted its forecasts downward for 2009 and 2010 due to the recessionary declines that continue to impact the lodging industry and project totals in the Pipeline throughout the region. The 2009 forecast has been reduced to 380 new hotels/63,244 rooms, down a substantial 10,328 rooms. The 2010 forecast, adjusted down by 7,340 rooms, calls for New Openings of 392 projects/81,921 rooms.
Europe, Middle East & Africa Construction Pipeline Executive Summary | Lodging Forecast Reports
The global economic crisis, which has affected credit availability and caused decreases in consumer and business travel, resulting in occupancy and room rates declines throughout EMEA, is also having a serious impact on lodging development.
Global Pipeline Off 16% Since Peak | Lodging Econometrics (LE)
Since its peak of 10,781 projects/1,819,486 rooms in Q2 2008, the Total Global Construction Pipeline has decreased 16% and 17%, respectively, to 9,108 projects/1,502,497 rooms at the end of Q1 2009. The world’s two largest Pipe¬lines show the steepest rates of decline, with the US falling 16% by projects and 21% by rooms and Asia Pacific down 18% by projects and 16% by rooms.
Q1 2009 Asia Pacific Hotel Construction Pipeline | Lodging Econometrics
There is mounting evidence that the precipitous economic declines in many countries in Asia Pacific may be close to ending. A bottom is likely forming, hopefully to be followed by a modest recovery. Declines from the peak were caused mainly by the dramatic fall-off in the region’s manufactured exports brought on by the worldwide recession and the drying up of cross-border financing. Like in other regions of the world, the new economic base line will be significantly below the 2007 highs.
U.S. Hotel Construction Pipeline Decelerating Rapidly
In Q1 2009, the US Construction Pipeline decelerated rapidly and now stands at 4,918 projects / 619,431 rooms. Compared to the Pipeline peak in Q2 2008, this is a drop of 16% by projects and 21% by rooms, a substantial fall-off for a three-quarter period. Current pipeline trends are beginning to reflect the deep recession in the economy, the banking crisis, the evaporation of mortgage lending, and serious shortfalls in lodging operating performance.
STR reports US hotel pipeline for March 2008
The total active U.S. hotel development pipeline includes 5,187 projects with 551,610 rooms, according to the March 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 17.1-percent decrease in the number of rooms in the total active pipeline compared to March 2008. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Pre-Planning stage.
Asia Pacific Construction Pipeline Q4 2008 | Lodging Econometrics
Heavily reliant on their manufacturing and exporting industries, Asian economies are seeing sizable, even historic, contraction, as global demand for goods produced in the region has plummeted. Several countries, including Japan, Taiwan and Thailand, reported negative GDP growth in Q4 2008. The blockbuster economies of China and India still expect positive GDP growth this year, however the rate of growth will be significantly slower, falling to rates not seen since earlier in the decade. LE expects the macroeconomic indicators to continue trending downward into 2010.
Europe, Middle East & Africa Q4 2008 construction pipeline | Lodging Econometrics
Europe has the largest Pipeline in EMEA with 971 projects/161,236 rooms at the end of Q4 2008. The Middle East's Total Pipeline has 503 projects/147,488 rooms. Africa's totals 171 projects/35,267 rooms. As in other parts of the world, the Pipelines in these regions are heavily weighted for the near-term. 50% of Europe's projects and 53% of projects in both the Middle East and Africa are already Under Construction. This is due to the rush by developers during Q4 2007 and Q1 2008 and through the fall in the Middle East to get projects in the ground before the availability of lending was further reduced.
Canada: 2009 Lodging Report A Client Advisory on the Construction Pipeline & Forecast for New Hotel Openings
Canada’s Total Construction Pipeline peaked in Q1 2008 at 265 projects/ 33,964 rooms. The Pipeline has declined each quarter since then, with Q4 ending at 237 projects/29,408 rooms. This is a total decline from the peak of 11% by projects and 13% by rooms.
2009 Latin America Construction Pipeline Report | Lodging Econometrics
At the end of 2008, the Total Construction Pipeline for Latin America was 616 projects/107,433 rooms. Pipeline totals were down 10% by projects and 16% by rooms from the cyclical peak in Q1 2008. While the region’s Pipeline is trending down, to date the retreat is not as steep as it is in other world regions. Developers still consider it an attractive area for lodging development, particularly if they are partnered with a major hotel franchise company. • The region’s Pipeline is front-end loaded, with 55% of total projects already Under Construction. Having secured financing before the economic slowdown and global credit crisis impeded lending, these projects will most likely enter as new supply, with the rate of New Openings ramping up through 2010.