Saudi Arabia and the U.A.E. Lead the Middle East Hotel Construction Pipeline at Q3‘21

According to the Q3 2021 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, the hotel construction pipeline in the region stands at 545 projects/168,042 rooms. While the number of total pipeline projects has increased over the previous quarter, project counts are down 6% and room counts are down 19% year-over-year (YOY).

Colliers Q3 2021 Canadian Hotel Investment Report (PDF Download)

Twenty months into the Covid-19 pandemic, the Canadian tourism industry is now on a glide path to normalcy. Investor sentiment for the lodging asset class continues to improve with transaction volume through Q3 reaching nearly $1.1 billion, surpassing full-year volume in 2020 and pacing close behind comparable levels of pre-Covid investment activity in 2019.

The Asia Pacific Hotel Construction Pipeline, Excluding China, Remains Steady Year-Over-Year

According to the recent Construction Pipeline Trend Report for the Asia Pacific region from analysts at Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, at end the third quarter of 2021 stands at 1,758 projects/382,434 rooms. Projects are down slightly year-over-year (YOY) by 3% while rooms are down 1% YOY

Cornell Center For Hospitality Research: U.S. Hotel Real Estate Sale Prices – Pole Vaulting to New High

Hotel prices continued to gain ground during the recent quarter, regaining losses incurred during the pandemic. Prices in all regions are reverting to their long-term average, with hotels in the Pacific and South Atlantic regions rising above their standardized average. Hotels in both gateway and non-gateway cities continue to exhibit positive performance, although hotels in the gateway cities have posted greater gains.