LE Releases its 2015 Forecast for New Hotel Openings in its Mid-Year Report

Lodging Econometrics’ (LE’s) forecast predicts New Hotel Openings of 739 Projects/ 82,587 Rooms for 2015, representing a growth rate for new supply of 1.6%. This is a slow, moderate but steady uptrend improvement over 2011’s cyclical bottom of 346 Projects/ 37,193 Rooms. Despite these increases, the industry is still far way from the peak for New Openings of 1,341 Projects/ 154,258 Rooms set in 2008, a feat that will not likely be repeated until late this decade, if at all.DOWNLOAD THE FULL REPORT HERE