Development Reports - Hospitality Net

October 22, 2006

LE Revises Supply Side Forecast Downward for ’06 and ‘07 and Identifies Seven Trend Setting Markets to Monitor for ’08 and Beyond

Portsmouth, NH – Lodging Econometrics (LE), the Industry Authority for Hotel Real Estate, in its third quarter report to the Lodging Industry reduced its Supply Side Forecast for New Hotel Openings in 2007 to 1,087 projects having 115,956 rooms, a decrease of 3,470 rooms over its most recent estimate, said Patrick Ford President. LE also reduced its final estimate for ’06 to 775 projects having 80,951, a decrease of 4,796 rooms.

Lodging Econometrics

Report

October 11, 2006

Lodging Econometrics Completes Development Pipelines and Three Year Supply Growth Forecasts for 21 Asian Countries

Portsmouth, NH – Lodging Econometrics (LE), the Industry Authority for Hotel Real Estate, announced the completion of a Development Pipeline with a Three Year Forecast for New Hotel Openings for each of the 21 different countries in the Asia Pacific region.

Lodging Econometrics

Report

July 20, 2006

LE’s New Supply Side Forecast Predicts that 132,000 New Guestrooms Will Open in 2008.

Portsmouth, NH -- Lodging Econometrics (LE), the Industry Authority for Hotel Real Estate, in its mid-year report to the Lodging Industry released its Supply Side Forecast for 2008, for the first time. LE forecasts that 1,079 New Hotels will open in 2008, having 131,517 rooms. It’s a 2.8% gross addition to supply, prior to any hotel removals from the census for conversion to other real estate usage.

Lodging Econometrics

Report

March 6, 2006

European Hotel Valuation Index 2006 | HVS International

The European Hotel Valuation Index (HVI) shows that hotel values (expressed in euro) achieved a second consecutive year of growth. On average, values across Europe increased by 5% in 2005, compared with an increase of 3% in 2004. These rises in value followed three years of decline. The European average hotel value is now back at the level achieved in the peak year 2000, although much of this has been driven by growth in Eastern European markets. Many markets, such as Milan, Zürich, Geneva, Rome, Budapest and Edinburgh, have indeed surpassed the 2000 peak, whilst others, including Paris and Hamburg, have come very close. We have also seen in 2005 that 18 of the 28 markets under review have achieved an increase in excess of inflationary growth; only five markets – Berlin, Munich, Barcelona, Athens and Lisbon – recorded a decline in average values. In contrast, in 2004 eight markets showed a decline in value and only Barcelona recorded a decline in both 2004 and 2005.

HVS

Report

February 13, 2006

U.S. Lodging Development Pipeline is Rapidly Accelerating LE Increases its Supply Side Forecast for '06 and '07 Once Again

PORTSMOUTH, NH | Lodging Econometrics (LE), the Industry Authority for Hotel Real Estate, in its 2006 report to the Lodging Industry, reported that the Construction Pipeline has grown to 3,067 projects having 415,977 rooms.

Lodging Econometrics

Report

February 12, 2006

Riga, Latvia: Are Too Many New Hotel Rooms Checking In?

The number of new hotel projects recently announced in Riga is extensive: At least nine new hotel projects of 100 rooms or more, a total of approximately, 1,800 new hotel rooms, have entered or are expected to enter the market over the next four years (from 2006 to 2009). This would result in an average annual increase in hotel supply of approxiamately 8% over the next 4 years. Report by Jakob Forstnig and Lasse Ristolainen for HVS International.

HVS

Report

December 13, 2005

Condo Hotel Development is Booming | Lodging Econometrics Reports

Lodging Econometrics (LE), the real estate authority for the lodging industry, released its first Development Forecast for three important specialty sectors of the lodging industry - Timeshare development, Condo Hotels, and for Hotels developing Private Residences.

Lodging Econometrics

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Hospitality Net

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October 19, 2005

Hotel Construction Pipeline Growth Pace Slides in 3Q 05. Developer Concerns are Rising - Is There a Slowdown Ahead?

Lodging Econometrics (LE), the Industry Authority for Hotel Real Estate, reported in the latest edition of its quarterly Lodging Development Forecast and Trends Report that total projects in the Construction Pipeline at the end of 3Q 05 stood at 2,792 hotels having 377,077 rooms.

Lodging Econometrics