Tag: Conversions

Categories
Americas Market Update

Analysis of Americas Update – October 2022

This is a breakdown of the summary on a previous post of the changes in the Americas Hospitality Space.

I will outline breakdown of the changes for each area of the Americas region. This will comprise 3 elements for each area:

  • Conversion: These are building which have previously performed a different function, but the new owners are changing their use, in what is referred to in some articles as Adaptive Re-use. In essence the building is being converted to being used as a hotel.
  • New Build: This is the easiest category to comprehend. These hotels have been built from scratch.
  • Rebranding: These hotels or more specifically the property management companies in conjunction with the owner have chosen to repackage/re-position the hotel in the market place. Sometimes, they will go from being a totally independent hotel to having a “recognised” brand on the door. Some of these are what are referred to as Soft Brand, which allows the hotel to retain some of their “personality” and not become a cookie cutter property. In other instances, a new owner/management company may feel that a property may benefit more from losing their Corporate Branding an reverting to an independent existence.

Caribbean

Change Type20222023202420252026Total
Conversion000101
New Build8423017
Rebranding610007
Total Caribbean14524025
Caribbean Update for October 2022

Central America

Change Type20222023202420252026Total
Conversion500005
New Build39471051
Rebranding9100010
Total Central America53571066
Central America Update for October 2022

North America

Change Type20222023202420252026Total
Conversion24511031
New Build1746031145284
Rebranding18710210200
Total North America3857534165515
North America Update for October 2022

South America

Change Type20222023202420252026Total
Conversion000000
New Build13341122
Rebranding16000016
Total North America29341138
South America Update for October 2022

The data for South America seems a little on the light side, but given the turmoil in the region and the other economic challenges, I may be worrying about too much.

If anyone has any insight as to the region and a reliable set of data sources, I would be grateful.

Categories
Asia Asia Pacific (APAC) Market Update Pacific

News Update for the APAC Region – October 2022

This analysis is a break of the regional post.

This analysis will follow the same breakdown as that for the EMEA region of 3 categories:

  • Conversion
  • New Build
  • Rebrandings

Asia

Change Type20222023202420252026Total
Conversion110103
New Build21242303924347
Rebranding43501049
Total25648304024399
Asia Update for October 2022

Pacific

Change Type20222023202420252026Total
Conversion300003
New Build5416128393
Rebranding30000030
Total87161283126
Asia Update for October 2022

The overwhelming data relates to the Asia part of the region. This data is incomplete due to access to reliable sources which I can read. There are a lot of hotel developments taking place in China, but they are or seem to be focussed on their own domestic market.

Categories
Africa EU Europe Europe, Africa and Middle East (EMEA) Market Update Middle East

Analysis of EMEA Update October 2022

This is a breakdown of the summary on a previous post of the changes in the EMEA Hospitality Space.

I will outline breakdown of the changes for each area of the EMEA region. This will comprise 3 elements for each area:

  • Conversion: These are building which have previously performed a different function, but the new owners are changing their use, in what is referred to in some articles as Adaptive Re-use. In essence the building is being converted to being used as a hotel.
  • New Build: This is the easiest category to comprehend. These hotels have been built from scratch.
  • Rebranding: These hotels or more specifically the property management companies in conjunction with the owner have chosen to repackage/re-position the hotel in the market place. Sometimes, they will go from being a totally independent hotel to having a “recognised” brand on the door. Some of these are what are referred to as Soft Brand, which allows the hotel to retain some of their “personality” and not become a cookie cutter property. In other instances, a new owner/management company may feel that a property may benefit more from losing their Corporate Branding an reverting to an independent existence.

Africa

Change Type20222023202420252026Total
Conversions11
New Build321223049
Rebranding221106
Total Africa351433056
African Update for October 2022

EU

Change Type20222023202420252026Total
Conversion631071182
New Build163282561223
Rebranding1096320120
Total EU335443592425
EU Update for October 2022

Europe

Change Type20222023202420252026Total
Conversion28330034
New Build671786098
Rebranding45410050
Total Europe140241260182
Europe Update for October 2022

Middle East

Change Type20222023202420252026Total
Conversion100001
New Build919442110
Rebranding420006
Total EU9611442117
Middle East Update for October 2022

The vast majority of the changes in the region are in the form of new build hotel. There seems to be little movement at the moment for the rebranding of properties. That may be a side effect of the events in Ukraine and the ongoing cost of living crisis, as Investors may be reluctant to expend considerable capital in upgrading properties in this market place,

Categories
Americas Asia Pacific (APAC) Europe, Africa and Middle East (EMEA) Regions

August Thoughts

Updating

I have been doing some further research on the hotel industry and the volume of updates that I have been able to track this year is significant, but I do seem to have a need for better sources of information regarding hotels in some areas.

Analysis

I have done a series of analyses on the data I have been able to collate and would like to share it obtain some feedback.

Regional

The first analysis is a regional breakdown of the data.

Here I am using the hotel related information by regions that I have defined and I trust that most people will understand the geographic splits. These comprise of the following:

  • EMEA (Europe, Middle East and Africa)
  • Asia Pacific
  • Americas

Americas

The Americas I have split into 4 sub categories:
North America
Central America
South America
Caribbean.

Region20222023202420252026Total
Caribbean14524025
Central53571066
North3857534165515
South29341138
Total4818847226644

These numbers represent the information I have been able to collate on hotels which are either being developed, just opened or have been rebranded. Unsurprisingly the majority of the effort has been centered upon North America.

Asia Pacific

Region20222023202420252026Total
Asia25648304124399
Pacific87161283126
Total34364424927525

Here is an area where discussion would be welcome but also insights as to how people view the region. I realise that splitting the globe into 3 is “Easy”, but it is hopefully a geographic representation which hopefully is understandable.

Europe, Middle East and Africa

While some people may suggest that the Regional Label is European centric, it was not my intention for it to be viewed that way. It is just that the information I have gleaned from my research suggests that there is a lot of activity primarily in Europe, that is probably more to do with my familiarity with my numerous data sources.

Region20222023202420252026Total
Africa351434056
EU335443592425
Europe140241260182
Middle East9611442117
Total6069354234780

While I know that a lot of people will see my splitting Europe into 2 as splitting “hares” or in this case Europe into 2, I think that it does go to show how they operate.

The numbers for Europe, include a small number of properties in Russia, that are no further updates since the invasion of Ukraine on February 24th.

The numbers only reflect the data I have been able to collate from a number of sources and sadly not complete.

I would like to understand what my readers view of this post is and how they would like to see it evolve.

I will be doing a further series of posts that will provide a series of drill downs on these numbers.

Categories
Africa Asia Blog Europe Market Update Pacific Rest of Americas USA

USA Information 2021 Update

USA Hotels Update for 2021

I have done some data capture during the course of 2021. While I would love to say that this analysis is comprehensive it only covers the data I have been able to collate during the course of the year.

The analysis is broken down into 3 categories:

Conversion

These are hotels that have opened following adaptive reuse during the course of the year. These I have labelled as Conversion, as they have converted their purpose.

New Build

These are, far as I can ascertain totally new build properties.

Rebranding

These are hotels that were previously operating under a brand or name and have changed during the course of the year.

Hotel DataUpdate 2021
StateConversionNew BuildRebrandingGrand Total
AL14317
AR325
AZ15419
CA68833127
CO13720
DC12811
DE112
FL1742196
GA342954
HI134
IA426
ID213
IL312520
IN115622
KS33
KY1517
LA43512
MA7714
MD4812
ME1315
MI12517
MN7310
MO1337
MS224
MT33
NC23427
ND112
NE22
NH11
NJ448
NM112
NV516
NY9271753
OH18110
OK336
OR110516
PA314522
RI112
SC21526
SD11
TN520227
TX3572181
UT628
VA16613
VT112
WA28111
WI7411
WV134
WY44
Grand Total49567229845

Feedback:

If anyone has any feedback with regards to this information or would like to see the analysis done differently then please email me at hotelsearch.eu@gmail.com. I am always looking for new sources of data and would love to know what you think.

Many thanks

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