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Hotel Development Pipeline Nearing Bottom

PORTSMOUTH, NH-A third quarter report by Lodging Econometrics indicates that while hotel development is continuing its downward trend, development activity should pick up by late next year.

By Naomi Grossman | Updated on November 19, 2002

PORTSMOUTH, NH-While hotel development is continuing its downward spiral, the latest report by Lodging Econometrics indicates that the trend could start to reverse itself by late next year.

In its third quarter Lodging Trends report, which includes a sampling of the latest hotel development pipeline data for major markets across the country, Lodging Econometrics, the locally based industry research firm for hotel real estate, states that the pipeline appears to be approaching a “bottoming.” But the report emphasizes that this will set the stage for increased development activity in either late 2003 or early 2004.

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