Nov 21, 2024
In 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.