409 hotels/39,162 rooms – expects net supply growth of just 0.6%-0.8% for each of the next three years.For the first time, Lodging Econometrics has announced its Forecast for New Hotel Openings for 2013. A total of 409 new hotels/39,162 guest rooms are anticipated to come online. LE also adjusted its Forecast for 2011 and 2012 down slightly, as continued economic uncertainty and the lack of construction financing still hamper development.
In 2011, 390 hotels/42,187 rooms will open, with an additional 368 hotels/40,070 rooms to open in 2012. Net supply growth, after removals from inventory, will range from 0.6%-0.8% for each of the next three years.
