Extended-Stay Hotels Account for 27% of All Projects Under Construction in the United States

/Extended-Stay Hotels Account for 27% of All Projects Under Construction in the United States

Extended-Stay Hotels Account for 27% of All Projects Under Construction in the United States

|2018-05-31T11:09:35-04:00May 31st, 2018|

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.


About Lodging Econometrics

Lodging Econometrics (LE): LE is the leading provider of global hotel intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable business development programs that turn business goals into opportunities that advance a company's competitive advantage. 

Contact: Rebecca Evans

[email protected]/+1 603.427.9547

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