LE Forecasts an Acceleration in New Openings for 2013-14
LE expects 500 projects/ 55,080 rooms to open in 2013 for a 1.1% increase in the nation's hotel supply. In 2014, New Openings are forecasted to be 591 projects/ 66,102 rooms, a 1.3% supply increase.
The Development Pipeline is expected to leap forward as lodging profitability continues to rise exceeding pre-recessionary levels, and because mortgage lending is in a near nirvana state, which should further accelerate the flow ofNew Project Announcements into the Pipeline.
About Lodging Econometrics
With over 30 years of experience in lodging real estate, Lodging Econometrics (LE) offers expertise in all facets of lodging real estate, including the Construction Pipeline, Brand Conversions and Announced Renovations, the Census of Open and Operating Hotels, and Transactions and Property Transfers. LE provides an array of informative and timely subscription and single-issue reports for a global clientele, including hotel franchise companies, real estate ownership groups, management companies, REIT's, opportunity funds, lending institutions, consultants, analysts, appraisers, and vendors to the lodging industry.
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