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Numbers from Smith Travel Research, the leading hotel research company, show just how tough times have become for all hotels.
Hoteliers need the arms to fight back," said Georges Panayotis, head of hotel research firm MKG group.
New York will have the most new hotels, 46, according to Smith Travel Research, a hotel research company in Hendersonville, Tenn., followed by Houston, with 30.
"Certainly, what we've seen is younger travelers like active spaces, even if they're sitting by themselves," said David Loeb, senior hotel research analyst at Robert W. Baird & Company.
In April, 253 of the 458 branded luxury hotel projects under construction or in the final planning stages were in the Asia-Pacific region, according to STR Global, a hotel research company.
The average price for a night in a luxury hotel last year in Paris was €617, up from €532 in 2010, according to data tracked by STR Global, a hotel research company.
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The shared bathroom was aging but clean (a range of cleaning products were arrayed on a windowsill, as if to prove the point), yet it was the source of the most unpleasant moment of my London hotels research: I had to pull a large clot of hair from the bottom of the shower to get it to drain.
Next door, Michigan Street Development — a collaboration between the DeVos family and Christman Construction — is building a $78 million125,000-square-foott medical office building, hotel and research laboratory.
However, operational approaches such as mathematical modeling based optimization have not received sufficient interest in hotel location research while it has been widely used for various kinds of facility locations.
Last year, there were 3,303 lower-priced extended stay hotels under construction, compared with 4,299 in 2002, according to the Highland Group, a hotel consulting, research and appraisal company in Atlanta.
"Offsetting those cancellations is the expansion of the concept into a lot of small marketplaces which aren't necessarily large resort areas," said Patrick Ford, president of Lodging Econometrics, a Portsmouth, N.H., hotel industry research firm.
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