Tuesday, August 18, 2009

US Construction Update - Q2 - 2009

For the first time, Lodging Econometrics (LE) has compiled and announced its forecast for New Hotel Openings for 2011. New hotel openings are projected at 759 hotels/74,493 rooms. LE has also adjusted its forecasts for 2009 and 2010. The 2009 forecast has been reduced to 1,425 new hotels/156,653 rooms, down by 5,036 rooms, a decrease of 3%. The 2010 forecast has been adjusted to 1,073 projects/
124,439 rooms, down 21,277 rooms or 15%.

Read more:
http://www.hotelnewsresource.com/pdf8/LE081709US.pdf

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