The Luxury Boom Is Reshaping Where Operators Are Betting
Your mid-market property is about to get a neighbor it didn't expect. Bruce Ford, SVP of Lodging Econometrics, explains why 158 luxury conversions are coming — and what that means for everyone else.
Luxury used to be exclusive. Expensive to build. Hard to convert. Not anymore. Brands are loosening their grip. Third-party operators are moving in. Mid-market properties are being stripped down and rebuilt as five-star, with new tech and new standards. And they're happening fast.
Here's what worries operators: once a guest stays at the converted property next door with all the new tech, better itinerary management, and total customer value strategy, they're not coming back to yours. Bruce talks through the pipeline — where the money is actually flowing and why your market might be next.
China has 3 to 3.5 times more rooms under construction than every other country combined. The Middle East is accelerating. And New Orleans just went from one luxury hotel to seven on one street. This isn't coming. It's already here.
From Lodging Econometrics. Visit lodging econometrics.com/global insights.
Want the weekly roundup of news, videos, and what you might've missed from #NoVacancyNews? Text HOTEL to 66866.
Your mid-market property is about to get a neighbor it didn't expect. Bruce Ford, SVP of Lodging Econometrics, explains why 158 luxury conversions are coming — and what that means for everyone else.
Luxury used to be exclusive. Expensive to build. Hard to convert. Not anymore. Brands are loosening their grip. Third-party operators are moving in. Mid-market properties are being stripped down and rebuilt as five-star, with new tech and new standards. And they're happening fast.
Here's what worries operators: once a guest stays at the converted property next door with all the new tech, better itinerary management, and total customer value strategy, they're not coming back to yours. Bruce talks through the pipeline — where the money is actually flowing and why your market might be next.
China has 3 to 3.5 times more rooms under construction than every other country combined. The Middle East is accelerating. And New Orleans just went from one luxury hotel to seven on one street. This isn't coming. It's already here.
From Lodging Econometrics. Visit lodging econometrics.com/global insights.
Want the weekly roundup of news, videos, and what you might've missed from #NoVacancyNews? Text HOTEL to 66866.
Luxury used to be exclusive. Expensive to build. Hard to convert. Not anymore. Brands are loosening their grip. Third-party operators are moving in. Mid-market properties are being stripped down and rebuilt as five-star, with new tech and new standards. And they're happening fast.
Here's what worries operators: once a guest stays at the converted property next door with all the new tech, better itinerary management, and total customer value strategy, they're not coming back to yours. Bruce talks through the pipeline — where the money is actually flowing and why your market might be next.
China has 3 to 3.5 times more rooms under construction than every other country combined. The Middle East is accelerating. And New Orleans just went from one luxury hotel to seven on one street. This isn't coming. It's already here.
From Lodging Econometrics. Visit lodging econometrics.com/global insights.
Want the weekly roundup of news, videos, and what you might've missed from #NoVacancyNews? Text HOTEL to 66866.
Your mid-market property is about to get a neighbor it didn't expect. Bruce Ford, SVP of Lodging Econometrics, explains why 158 luxury conversions are coming — and what that means for everyone else.
Luxury used to be exclusive. Expensive to build. Hard to convert. Not anymore. Brands are loosening their grip. Third-party operators are moving in. Mid-market properties are being stripped down and rebuilt as five-star, with new tech and new standards. And they're happening fast.
Here's what worries operators: once a guest stays at the converted property next door with all the new tech, better itinerary management, and total customer value strategy, they're not coming back to yours. Bruce talks through the pipeline — where the money is actually flowing and why your market might be next.
China has 3 to 3.5 times more rooms under construction than every other country combined. The Middle East is accelerating. And New Orleans just went from one luxury hotel to seven on one street. This isn't coming. It's already here.
From Lodging Econometrics. Visit lodging econometrics.com/global insights.
Want the weekly roundup of news, videos, and what you might've missed from #NoVacancyNews? Text HOTEL to 66866.
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