The Best of Daily Lodging Report for the Week Ending October 22
Photo Credit: Skift
Skift Take
Data is finally showing what all the major hotel company executives have been saying on the last few earnings cycles: Asia is going to lead the world in hotel construction activity coming out of the pandemic.
Skift’s Daily Lodging Report is a subscription-required, email-only newsletter read by anyone and everyone in the hotel investor, owner, and operator space, including CEOs of some of the industry’s top brands. With two separate regional versions, it covers everything from North America to Asia Pacific. The report itself, curated by founder Alan Woinski, boils industry news down to a quick, easy-to-read daily digest known for keeping readers up to date in an efficient, effective way.
Here’s a sampling of what the Daily Lodging Report provided to its readers this past week. If you’re not a subscriber, you should be. Don’t wait. Sign up now here.
Sunday, Oct. 17STR said the number of US hotel rooms in construction is down about 48,000 from the country’s all-time high in April 2020 according to their pipeline data from September 2021. The final two phases of the pipeline, construction and final planning, are down by double digits from the same time last year while activity in the planning stage has jumped significantly. Year over year, STR said rooms in construction are down -20.3 percent to 172,251. Rooms in final planning are down -17.2 percent to 205,829 but there was a 41.1 percent jump in room in planning to 263,673. NYC led in rooms in construction with 17,985 with Atlanta a distant second at 5,844.
Skift Note: The
