Hospitality Industry Trends - Development

The Middle East/Africa hotel development pipeline includes 456 hotels comprising 123,764 rooms, according to the January 2010 STR Global Construction Pipeline Report released this week. - More

The Asia/Pacific hotel development pipeline includes 948 hotels comprising 239,918 rooms, according to the January 2010 STR Global Construction Pipeline Report released this week. - More

The Central/South America hotel development pipeline includes 125 projects with 19,877 rooms, according to the January 2010 STR Global Construction Pipeline Report released this week. - More

The Latin America Construction Pipeline declined for a seventh consecu¬tive quarter in Q4 2009 to 453 projects/74,946 rooms, reaching a new low for the current development cycle. Total projects have declined 34% from the Q1 2008 peak, with rooms down 42%. The Caribbean and South America saw the largest drop-offs from the peak. - More

It amazes me during this economic downturn - when hotel values have in some cases declined 50 percent or more and existing properties can be purchased at bargain prices - that hundreds of hotel developers all over the world are still looking to build new projects. - More

Top U.S. hotel companies are scouting out new brands to expand their reach abroad and keep their best customers from defecting to rivals as new rooms growth slow down. - More

With 153 projects/19,181 rooms at the end of Q4 2009, the total Construction Pipeline has fallen 42% by projects and 44% by rooms from the peak in Q1 2008. The total project count is the lowest LE has recorded, while the room count is at its lowest since Q4 2004. - More

Hotel Lawyers with grim reports from the field. If lenders are looking for some encouraging news on their distressed hotel asset sales prospects, they are not going to get it anytime soon. That is what the Atlas 2009 Year End Hotel Survey shows, but it does offer some valuable tips for dealing with continued distress in 2010. - More

Real estate markets are mispricing risk, systematically undervaluing real estate. Investors who buy now will profit when this mispricing unwinds. Historical data and examples are presented to support this statement. - More

The Asia/Pacific hotel development pipeline includes 956 hotels comprising 232,460 rooms, according to the December 2009 STR Global Construction Pipeline Report released this week. - More