Of all the tools I use, I find Hotel Market Data [to be] the most accurate and up to date information in the marketplace. - Linda Cox, sales director at Unifocus.
Chicago, IL (PRWEB) May 02, 2012
BuildCentral, Inc., a leading hospitality research firm, today is pleased to announce the release of the Hotel Market Databook for New York.
Available through HotelMarketData.com, the Databook is a sales, competitive and market analysis tool providing detailed information on hotels in development as well as property, management and ownership data of existing hotels. The New York edition follows the successful launch of the Chicago and Los Angeles editions in April.
The Databook is used by vendors and service providers to identify sales opportunities, by hotel professionals to keep track of current and future competition and by financial professionals to analyze markets.
“Of all the tools I use, I find Hotel Market Data [to be] the most accurate and up to date information in the marketplace,” said Linda Cox, sales director at Unifocus. “I love it.”
Each hotel, currently operating or in development, is presented in-depth in the Databook, a process that included thousands of interviews with decision-makers to ensure accuracy and provide exclusive insight.
Highlights of New York’s Databook include:
- Profiles of 445 operating hotels in 13 submarkets
- Profiles of 159 hotels in various stages of development with project information, schedule, and key project contacts (Owner/Developer, A/E Professional, Contractor)
- Market share analysis, including franchise and property management
- Market activity reports, including reflaggings, openings, and closings.
The 159 hotels in development are particularly noteworthy when compared to other major metropolitan markets such as Los Angeles and Chicago.
Supply and Projected Addition of Rooms (Hotels):
Current Supply of Rooms (Hotels)
New York: 92,939 (445)
Los Angeles: 87,107 (641)
Chicago: 97,877 (533)
Projected Addition of Rooms (Hotels) in 2012 (going forward)
New York: 2,174 (20)
Los Angeles: 622 (4)
Chicago: 261 (3)
Projected Addition of Rooms (Hotels) in 2013
New York: 7,406 (36)
Los Angeles: 899 (4)
Chicago: 2,508 (10)
Projected Addition of Rooms (Hotels) in 2014
New York: NA (12)
Los Angeles: 1,207 (7)
Chicago: 131 (2)
Additional Rooms (Hotels) in Planning Stage
New York: NA (91)
Los Angeles: NA (36)
Chicago: NA (52)
The Databook is available in PDF format and comes with online access to stay on top of the latest changes and developments. To download a free sample or learn more, visit http://www.hotelmarketdata.com
About HotelMarketData.com and BuildCentral, Inc.
HotelMarketData.com, a service of Chicago-based BuildCentral, provides publications and online database products for the hospitality market. More than 3,000 companies rely on BuildCentral as a resource to discover new sales opportunities and analyze companies and markets. For information on the Hotel Market Databook, visit http://www.hotelmarketdata.com or call 866-316-5300.