Small hotel projects dominate U.S. pipeline growth

12/23/2012 | Hotel Management online

Small hotel projects accounted for 92% of the U.S. lodging market's total construction pipeline by the end of the third quarter, says Patrick Ford, president of Lodging Econometrics. "Burgeoning project counts for smaller hotels along with a falling number of larger projects help explain why an apparently stalled total pipeline can still produce a growing number of new hotel openings. It's always this way at the start of a new real estate cycle," Ford writes. Growth in the overall pipeline during the third quarter marks the second consecutive quarterly rise from the cyclical bottom set in the first quarter of 2012.

View Full Article in:

Hotel Management online

Published in Briefs: