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.
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.
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 (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.