Hospitality forecast is a time of significant hotel renovation, with more than 400,000 new or renovated room openings in the U.S. in this current period. That accounts for about 25% of all hotel rooms in the U.S. Renovation investment has been trending upward for 12 quarters Hotel industry’s economy is strongest in the commercial sector New project announcements are on a steady pace to outnumber openings soon Source: Lodging Econometrics

Hotel projects and total rooms in pipeline in 2013 Under Construction In PlanningTotal Pipeline ProjectsRoomsProjectsRoomsProjectsRooms Americas1, k2, k3, k EMEA k k1, k Asia Pacific 1, k k2, k Global3, k3, k7, k Source: Lodging Econometrics

The top 5 markets in the Americas for pipeline of hotel projects in 2013 Number of Projects Number of rooms New York13323,756 Washington DC8914,765 Los Angeles438,432 Rio de Janeiro, Brazil276,813 Belo Horizonte, Brazil305,607 Source: Lodging Econometrics

New hotel room openings AmericasGlobal k260k k274k k317k k678k Source: Lodging Econometrics

United States: New hotels and room openings HotelsRooms , , , ,088 Source: Lodging Econometrics

8 trends in hospitality design With insight from designers: Michael Suomi of Stonehill & Taylor Patricia Rotondo of VOA Associates Angela Denney of FRCH Design Worldwide

Hospitality trend 1. An emphasis on eco-friendliness and celebrating local craftsmanship

Hospitality trend 2. Less pattern, more texture, and pops of color

Hospitality trend 3. Seamless technology

Hospitality trend 4. A customized experience

Hospitality trend 5. Rarefied luxury

Hospitality trend 6. Designer-driven branding

Hospitality trend 7. Multi-use spaces

Hospitality trend 8. Bottom-line driven materials

Thank you! John Czarnecki