Raleigh to start construction on convention center expansion
An amphitheater relocation and new hotel are included in a funding package approved by the county last year.
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An amphitheater relocation and new hotel are included in a funding package approved by the county last year.
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.
The resort corner of the hospitality sector has been a bit slower to expand than the whole for the past few years. But don’t tell that to Bill Wilhelm, President of R.D. Olson Construction.
The hotel construction pipeline hit record project counts at Q4, with the addition of 260 projects and 21,287 rooms over last quarter, according to Lodging Econometrics.
Travelers are always looking for a home away from home, and the tourist industry needs these vacationers to survive. Creating a winning hotel can benefit everybody, and people will return to your retreat time and time again.
Although hotel development may still be tepid in Q1, continued government support and the extension of programs has aided many businesses to get back on their feet as more and more are working to re-staff and re-open.
Signia by Hilton is a new upscale brand from Hilton Worldwide Holdings Inc.
This week on The Weekly show, BD+C editors speak with AEC industry leaders about the award-winning Central Station Memphis hotel reconstruction project, and how Autodesk aims to bring generative design and AI tools to the AEC masses.
Predicts second-half improvement toward normalization next year.
Howard Laks Architects designed the project.
New York City has the greatest number of projects under construction with 108 projects/19,439 rooms.
At the end of Q4 ‘20, projects currently under construction stand at 1,487 projects/199,700 rooms.
iBUILT plans to double its production capacity this year, and usher in more technology and automation to the delivery process.