New U.S. Hotel Openings Up for 2016 with Marriott Leading Q2 with 53 Hotels
August 29, 2016 12:32pm
August 29, 2016 – PORTSMOUTH, NH – Lodging Econometrics (LE) reports that 902 Hotels/101,454 Rooms are expected to open in the United States by the close of 2016, up from 736 Hotels/82,074 Rooms opened in 2015.
Through the second quarter of 2016, 380 Hotels/42,798 Rooms have already opened, with another 522 Hotels/58,656 Rooms forecast for the remaining two quarters. LE forecasts that New Hotel Openings will jump to 1,099 Hotels/120,418 Rooms in 2017.
Marriott has the most New Hotel Openings of any franchise company in the second quarter of 2016 with 53 Hotels/5,959 Rooms. Fairfield Inn is Marriott’s top brand for New Hotel Openings with 18 Hotels/1,704 Rooms. Following is Courtyard with 12 Hotels/1,556 Rooms and TownePlace Suites with 8 Projects/763 Rooms. SpringHill Suites & Residence Inn are next with 7 New Hotel Openings each. These five brands make up 98% of all newly opened Marriott hotels in the second quarter.
Tags: 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 Lloyd
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