Business Services Industry

Supply Side Forecast for 2007 Shows 100,000 New Guestrooms to Open; '07 Expected to be a Second Record-breaking Profit Year in a Row

Business Wire, July 14, 2005

For the remaining 112 smaller markets, InterContinental has the deepest Development Pipeline with 356 hotels/30,934 rooms, largely due to its Holiday Inn Express brand, the fastest-growing brand in the country. Hilton is second with 253 hotels/26,536 rooms - impacted by its strong Hampton Inn programs at highway locations, in smaller cities and in the suburbs of the major markets. Marriott follows with a lower 199 hotels/25,173 rooms, primarily because they don't always choose to pursue the development of smaller projects in non-strategic markets.

Lodging Econometrics (LE) of Portsmouth, NH is the Industry Authority for Hotel Real Estate. LE maintains over 80,000 individual database records throughout the U.S. and Canada for:

--The Census of Open and Operating Hotels

--New Construction

--Reflaggings

--Significant Renovation Programs

--Condo Hotel Development

--Timeshare Development

--Hotel Transactions

Records contain important project details including contact information for the Owner, Management, Developer and his project team members. Customized reports can be designed to meet a company's unique needs: Individual Database Records for project review and Summarial Reports of markets, chain scales and brands for Strategic Planning and Forecasting.

To learn more about LE's products and services or to inquire about ordering a customized report, please visit them online at www.lodging-econometrics.com or call (603) 431-8740, ext. 25.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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