Close

Cart

Total $0.00

Checkout

May 25, 2017 – PORTSMOUTH, NH – In Q117, there were 513 Projects/57,127 Rooms newly announced into the Hotel Construction Pipeline according to analysts at Lodging Econometrics (LE).

212 Hotels/24,122 Rooms opened in the U.S. in the first quarter. The majority of these opens, 93 Hotels/10,018 Rooms, were in Suburban locations. Almost half of the opens, 100 Hotels/12,856 Rooms were hotel properties with between 100-200 rooms. 79 of these hotels and 10,544 of the rooms, or 37%, were in a top 25 market.

For the remainder of the year, LE forecasts another 868 Projects/97,386 rooms to open for a Total of 1,080 Hotels/121,508 Rooms in 2017, a 22% increase over the Total number of openings last year. In 2018, LE forecasts an additional 1,283 Hotels/143,038 Rooms will open in the U.S.

About Lodging Econometrics

Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities. 

Contact: Emily Dennison

edennison@lodgingeconometrics.com / +1 603.427.9544

Related News

Global Hotel Construction Pipeline Growing with Projects up 8% YOY

Hotel Construction Pipeline in the Middle East Is Growing with Projects Up 13% YOY

The Europe Hotel Construction Pipeline Is up 25% With 1,186 Projects in the Total Pipeline

Latin America's Construction Pipeline Is Stalling

China's Construction Pipeline Remains Strong Up 7% YOY with Shanghai Leading the Way

Extended-Stay Hotels Set for Substantial Growth According to U.S. Hotel Construction Pipeline

Upper Midscale and Upscale Are the Largest Chain Scales in the U.S. Construction Pipeline

Top Franchise Companies in the U.S. Construction Pipeline are Marriott, Hilton and IHG Comprising 67% of Projects in the Total Pipeline

Marriott Has the Largest Construction Pipeline of Any Franchise Company in the U.S.

New York Market Leads U.S. Markets with the Largest Construction Pipeline Followed by Houston and Dallas

U.S. Hotel Construction Pipeline Up 7% Year-Over-Year with a 20% Increase in New Supply Forecast for 2017

Europe's Construction Pipeline Steady Showing 13 Percent Increase YOY

Canada's Construction Pipeline Is on the Upswing

China Construction Pipeline Remains Steady Despite Total Pipeline Drop of 7 Projects YOY

Asia Pacific Construction Pipeline Excluding China Remains Steady With Projects Up 1% YOY

Upper Midscale Category Leads Construction Pipeline with 2,067 Projects/205,662 Rooms Followed by Upscale with 1,246 Projects/161,229 Rooms

Marriott Takes Top Spot for Franchise Companies with Most Rooms in Construction Pipeline Trend Report

New York Has the Most New Hotel Openings Forecasted for 2017 & Marriott Has Largest Construction Pipeline

United States Construction Pipeline Continues Moderate Growth with Hotel Projects Up 13 Percent YOY

Global Construction Pipeline Shows Steady Increase with Projects Up by 6 Percent YOY for 2016

All News »

Please login or register to post a comment.