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9 September 2009
Europe, Middle East, Africa Q2 2009 Construction Pipeline - Lodging Econometrics
 For the first time, Lodging Econometrics (LE) has compiled and announced its 2011 Forecast for New Hotel Openings for Europe, the Middle East and Africa. 322 projects/72,077 rooms are forecasted to come online in 2011. LE has also adjusted its forecasts downward for 2009 and 2010 due to the recessionary declines that continue to impact the lodging industry and project totals in the Pipeline throughout the region. The 2009 forecast has been reduced to 380 new hotels/63,244 rooms, down a substantial 10,328 rooms. The 2010 forecast, adjusted down by 7,340 rooms, calls for New Openings of 392 projects/81,921 rooms.
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 Lodging Econometrics
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RECENT NEWS
Tuesday 4 May 2010 | In Q1, hotel operations showed continued improvement, with more positive gains in demand and occupancy than initially expected. The economy has improved, as GDP has bounced back significantly in the last two quarters. Job losses are declining, causing unemployment to marginally subside.
Thursday 4 March 2010 | At the end of Q4 2009, the total Construction Pipeline for EMEA has 1,373 projects/285,770 rooms. Pipeline counts have now declined 22% by projects and 23% by rooms since the Q2 2008 peak.
Monday 25 January 2010 | Lodging Econometrics predicts that just 717 hotels, representing 82,620 rooms, will open in 2010. This is a 56% drop from 2009, when 1,301 hotels with 146,929 rooms opened. The new openings peak for the cycle was 1,345 hotels/154,667 rooms recorded in 2008.
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