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Hospitality forecast. 2012-14 is a time of significant hotel renovation, with more than 400,000 new or renovated room openings in the U.S. in this current period. That accounts for about 25% of all hotel rooms in the U.S. Renovation investment has been trending upward for 12 quarters
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Hospitality forecast 2012-14 is a time of significant hotel renovation, with more than 400,000 new or renovated room openings in the U.S. in this current period. That accounts for about 25% of all hotel rooms in the U.S. Renovation investment has been trending upward for 12 quarters Hotel industry’s economy is strongest in the commercial sector New project announcements are on a steady pace to outnumber openings soon Source: Lodging Econometrics
Hotel projects and total rooms in pipeline in 2013 Source: Lodging Econometrics
The top 5 markets in the Americas for pipeline of hotel projects in 2013 Source: Lodging Econometrics
New hotel room openings Source: Lodging Econometrics
United States: New hotels and room openings Source: Lodging Econometrics
8 trends in hospitality design With insight from designers: Michael Suomi of Stonehill & Taylor Patricia Rotondo of VOA Associates Angela Denney of FRCH Design Worldwide
Hospitality trend 1. An emphasis on eco-friendliness and celebrating local craftsmanship
Hospitality trend 2. Less pattern, more texture, and pops of color
Hospitality trend 3. Seamless technology
Hospitality trend 4. A customized experience
Hospitality trend 5. Rarefied luxury
Hospitality trend 6. Designer-driven branding
Hospitality trend 7. Multi-use spaces
Hospitality trend 8. Bottom-line driven materials