Global Pipeline Insights with Lodging Econometrics' Bruce Ford
No Vacancy Live and No Vacancy News
Release Date: 11/21/2024
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No Vacancy Live and No Vacancy News
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info_outlineIn this bonus episode I chat with Bruce Ford, SVP at Lodging Econometrics, about the latest global pipeline numbers. We’re exploring hotel development trends across various regions, including Europe, the Middle East, India, China, and here in the USA.
From Romania's emerging market to Israel's active pipeline and the evolving landscape of hotel conversions in Europe and new builds in the Middle East, Bruce provides a comprehensive overview of the current state and future prospects of the global hotel industry.
Key Points:
• Romania's Growth 🌍: Discussing the significant pipeline growth in Romania, including both resort areas and Bucharest.
• Full-Service Projects in Europe 🏨: Insights into new full-service hotel projects across Europe, with notable mentions of Israel's booming pipeline.
• Conversion Market Trends 🔄: Exploring the increase in hotel conversions in Europe and how it's becoming a significant trend.
• Challenges and Opportunities 🚧: Addressing the complexities of hotel development in diverse regions and the shift towards more third-party management companies.
• Middle East Developments 🌟: Highlighting the ambitious hotel projects in the Middle East and the phased approach to building new neighborhoods and city sections.
• India's Tourism Boom: Discussing the rapid growth in India's hotel market, with over 600 projects in the pipeline and major global brands entering the market.
• China's Unique Market: Insights into China's hotel development, including the challenges during the pandemic and the current state of over 500,000 rooms under construction.
• Expanding Asian Markets 🌏: Highlighting the record pipeline outside of China in Asia, with notable developments in Japan, Malaysia, Indonesia, and Vietnam.
• Mexico's Hospitality Resilience: Exploring Mexico's strong hospitality market during the pandemic and new developments, including the Tulum Airport and train line boosting tourism and hotel investments.
• Southern California's Renaissance 🏨: Insights into the rebranding and development boom in Southern California, particularly Palm Springs.
• Impact of Population Shifts 📊: Analysis of how population movements are influencing hotel investments and developments.
• Trends in Hotel Conversions 🔄: The rising trend of hotel conversions in various regions to meet new market demands.
• 2025 Outlook and Predictions 🔮: Expectations for new construction, deals, renovations, and rebrandings in 2025.