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u.s. hotel construction pipeline

Home/Tag: u.s. hotel construction pipeline

u.s. hotel construction pipeline

u.s. hotel construction pipeline

Marriott, Hilton, and IHG Account for 67% of U.S. Construction Pipeline Projects

Lodging Econometrics | April 28, 2022

April 28, 2022 – PORTSMOUTH, NH – In the recently released Q1 2022United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest U.S. construction pipelines at the end of 2022’s first quarter are Marriott International, with 1,359 projects/171,820 rooms, followed by Hilton Worldwide, with 1,287 projects/146,579 rooms, and InterContinental Hotels Group (IHG), with 785 projects/79,095 rooms. These three companies combined account for 67% of the projects and 66% of the rooms in the total U.S. construction pipeline. At the end of Q1'22, the franchise company with the most project...

The Dallas Market Continues to Lead the U.S. Hotel Construction Pipeline at the Close of the First Quarter

Lodging Econometrics | April 26, 2022

April 26, 2022 – PORTSMOUTH, NH – In the Q1 2022 U.S. Construction Pipeline Trend Report released by Lodging Econometrics (LE), at the close of the first quarter, Dallas leads all U.S. markets in the number of pipeline projects with 165 projects/19,730 rooms. Following Dallas, the U.S. markets with the largest hotel construction pipelines by project count are Atlanta, with 135 projects/17,646 rooms; Los Angeles with 123 projects/20,176 rooms; New York with 122 projects/20,864 rooms; and Phoenix, with 103 projects/13,820 rooms. Markets with the greatest number of projects already under construction are New York, with 90 projects/14,710 ...

Decline Continues in U.S. Hotel Construction, but Planning Activity is Up

STR | April 14, 2022

HENDERSONVILLE, Tennessee — April 14, 2022 — While a steady hotel construction decline continues nationally, volume in New York City and Nashville represents a significant percentage of those markets’ existing supply. Additionally, planning activity continues to rise nationally with markets like Miami, Phoenix and San Francisco showing increased interest from developers, according to STR. U.S. Hotel Pipeline March 2022 (percentage change in comparison with March 2021): In Construction: 154,881 rooms (-15.7%) Final Planning: 177,756 rooms (-16.8%) Planning: 297,046 rooms (+26.3%)   New York City ...

U.S. Hotel Construction Ends Year Down 61,000 Rooms From Peak

STR | January 14, 2022

HENDERSONVILLE, Tennessee — January 14, 2022 — The number of U.S. hotel rooms in construction is down roughly 61,000 from the country’s all-time high achieved in early 2020, according to December 2021 pipeline data from STR. The final two phases of the pipeline, construction and final planning, are down by double digits from the same time last year while activity in the planning stage has risen significantly.   December 2021 (percentage change in comparison with December 2020): In construction: 158,906 rooms (-19.2%) Final Planning: 185,231 rooms (-20.6%) Planning: 284,502 rooms (+38.9%)   "This past ye...

At the End of Q3 2021, Dallas Tops the U.S. Hotel Construction Pipeline

Lodging Econometrics | October 28, 2021

PORTSMOUTH, NH – October 27th, 2021 – In the third quarter of 2021, analysts at Lodging Econometrics (LE) report that the top five markets with the largest total hotel construction pipelines by projects are: Dallas with 147 projects/17,711 rooms, Atlanta with 139 projects/18,659 rooms, Los Angeles with 133 projects/22,145 rooms, New York City with 130 projects/22,417 rooms, and Houston, with 90 projects/9,225 rooms. These top five markets account for 13% of the projects and 15% of rooms in the total U.S. pipeline. The top 25 U.S. markets account for 33% of all pipeline projects and 37% of all rooms in the U.S. hotel construction pipeli...

Marriott Leads With the Largest U.S. Hotel Construction Pipeline at Q3’21 Close

Lodging Econometrics | October 28, 2021

PORTSMOUTH, NH – October 28th, 2021 – According to the third quarter report by analysts at Lodging Econometrics (LE), the franchise companies leading the U.S. construction pipeline with the greatest number of new construction projects are Marriott International with 1,286 projects/166,174 rooms, Hilton Worldwide with 1,223 projects/139,742 rooms, and InterContinental Hotels Group (IHG) with 769 projects/77,558 rooms. The construction pipelines for these three franchise companies comprise an impressive 68% of the total construction pipeline projects. The leading brands by project count in the construction pipeline for each of these thre...

U.S. Hotel Construction Down 48,000 Rooms From Peak

STR | October 15, 2021

HENDERSONVILLE, Tennessee — October 15, 2021 — The number of U.S. hotel rooms in construction is down roughly 48,000 from the country’s all-time high in April 2020 (220,207 rooms), according to September 2021 pipeline data from STR. The final two phases of the pipeline, construction and final planning, are down by double digits from the same time last year while activity in the planning stage has risen significantly. September 2021 (percentage change in comparison with September 2020): In construction: 172,251 rooms (-20.3%) Final Planning: 205,829 rooms (-17.2%) Planning: 263,673 rooms (+41.1%)   “The impact...

The U.S. Hotel Construction Pipeline Stands at 5,216 Projects/650,222 Rooms at Year-End 2020

Lodging Econometrics | January 28, 2021

PORTSMOUTH, NH - January 28, 2021 – According to Lodging Econometrics’ (LE’s) Construction Pipeline Trend Report for the United States, the total U.S. construction pipeline stands at 5,216 projects/650,222 rooms. These are year-end 2020 results, and are down only incrementally, as the United States grappled with the ongoing coronavirus pandemic, an election, civil unrest, and the large and rapid partisan shift taking place. However, the announcement of various vaccine developments and distribution was undeniably good news for the general public, businesses, hotel development and the lodging industry as a whole, especially going forward....

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