Articles tagged “construction”

News Blog

Choice Hotels Opens Properties at Faster Pace and Reaffirms Profit Outlook

Choice Hotels, a U.S.-based franchisor, said on Tuesday it had opened an average of more than four hotels a week in the first half of 2023 — a 39% jump year-over-year. The steady onboarding of properties was one reason it reaffirmed its profit forecast for the year despite some industry concerns about leisure demand patterns…

News Blog

IDEAS: Iglucraft Glamping Pods Seamlessly Blend into Nature

Iglucraft, an Estonia-based company, creates a range of handcrafted timber cabins and saunas that seamlessly blend into their natural surroundings. Credit: Iglucraft The nomadic pods - which are fully customizable and come with a range of amenities - are created using natural materials and feature organic forms, helping users to find 'a more natural way…

Tourism

Disney Has No Plans for Regional U.S. Parks

Disney is investing billions, but it won't be in regional theme parks.

Disney Has No Plans for Regional U.S. Parks

News Blog

IDEAS: El Cosmico to Construct a Martian-esque Retreat Using 3D Printing Technology

Get ready to blast off to a new frontier of luxury glamping, as El Cosmico's Martian-inspired retreat is coming to Texas. Source: ICON, BIG for El Cosmico The concept of 'glamping', or glamorous camping, has been gaining popularity in recent years as an alternative to traditional camping. And hotelier Liz Lambert, the force behind El-Cosmico,…

News Blog

Spending for U.S. Hotel Construction Continues to Strengthen

U.S. hotel construction spending rose 30 percent year-over-year in November, suggesting a sustained rebound is in place based on developers' confidence. In November, private U.S. non-residential lodging construction rose to $19.8 billion, adjusted for seasonality but not price changes, according to the U.S. Census bureau's release of overall monthly construction pending. The numbers could represent…

Coronavirus

U.S. Hotel Industry Ended Record-Setting Development Streak in May

Hotel construction output lags metrics like occupancy in response to economic conditions. But the slow reaction time also means the development pipeline will likely take far longer to rebound from coronavirus than hotel performance.

U.S. Hotel Industry Ended Record-Setting Development Streak in May

Coronavirus

Wellness Will Enjoy a Tailwind as a Design Theme for Resorts and Cities: The Long View This Week

Design's importance to travel has taken on a new urgency because of recent events, says Richard Centolella, the pioneering design thinker. We agree, and welcome all the new functionalities.

Wellness Will Enjoy a Tailwind as a Design Theme for Resorts and Cities: The Long View This Week

Coronavirus

U.S. Hotel Construction Boom Hit a Record High in March Despite Coronavirus

Hotel builders shouldn't get too optimistic by a record-setting month. It can take as long as a year for economic downturns to reflect in the construction industry.

U.S. Hotel Construction Boom Hit a Record High in March Despite Coronavirus

Hotels

U.S. Hotel Expansion Threatened by Construction Worker Shortages

U.S. hotel companies are facing a shortage of construction workers just as they are building new brands and properties. The result: delayed projects and higher costs. The industry will have to get more aggressive to recruit workers if it plans to keep the momentum going on its expansion plans.

U.S. Hotel Expansion Threatened by Construction Worker Shortages

Hotels

Hotel Pipeline in U.S. Tilts Toward Midscale and Upscale Properties

The U.S. hotel pipeline isn't anywhere near pre-recession levels, but it is fairly healthy with the emphasis on midscale and upscale brands.

Hotel Pipeline in U.S. Tilts Toward Midscale and Upscale Properties