May 30, 2018 – PORTSMOUTH, NH According to recent reports from Lodging Econometrics (LE), 1,360 Projects/143,379 Rooms in the U.S. Construction Pipeline are Extended-Stay projects. Of these, 428 Projects/47,340 Rooms are already Under Construction, accounting for 27% of all projects Under Construction in the Total Pipeline. Additionally, 628 Projects/66,846 Rooms are Scheduled to Start Construction in the Next 12 Months while an additional 304 Projects/29,193 Rooms are in Early Planning.
Home2 Suites by Hilton currently has the largest Extended-Stay Pipeline with 377 Projects/39,474 Rooms. The second largest brand is Marriott’s Towneplace Suites with 206 Projects/21,193 Rooms, followed by its Residence Inn brand with 200 Projects/24,978 Rooms. IHG’s Staybridge Suites follows suit with 139 Projects/14,740 Rooms.
By the end of 2018, 320 Projects/33,961 Rooms are expected to open in the extended-stay segment in the U.S., with another 309 Projects/33,087 Rooms in 2019. In 2017, 259 extended-stay hotels with 28,990 rooms opened in the U.S.