In the second quarter of 2020, LE recorded 580 conversion projects/66,852 rooms
Lodging Econometrics (LE)
Posted inBusiness
The Middle East’s hotel construction pipeline shows slight deceleration in the 1st quarter of 2020
Projects scheduled to start construction in the next 12 months stand at 113 projects/27,872 rooms, and projects in the early planning stage are at 137 projects/29,493 rooms
Posted inBusiness
Europe’s hotel construction pipeline continues to expand in the 1st quarter of 2020 despite COVID-19
Europe’s hotel construction pipeline expanded to near-record highs with 1,840 projects and 294,047 rooms
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Posted inBusiness
Asia Pacific’s hotel construction pipeline, excluding China, continues to expand in the first quarter of 2020
In addition, during the first quarter of 2020, the Asia Pacific region excluding China saw 83 new hotels accounting for 15,263 rooms open