2.5% Growth Rate of New Hotel Openings Expected in 2018 and 2019 in the United States

Lodging Econometrics | May 31, 2018

May 31, 2018 – PORTSMOUTH, NH By the end of 2018, the Census of Open & Operating Hotels in the U.S. is expected to grow by 2.5% with 1,146 Projects/130,877 Rooms opening up according to published reports from Lodging Econometrics (LE). Of those expected to open, 511 Projects/50,105 Rooms will be Upper Midscale, the highest count of any chain scale and 45% of all new openings.
 
 In 2019, the Census is expected to grow another 2.5% by opening 1,215 Projects/137,105 Rooms, about 6% more projects than are anticipated to open in 2018. In 2019, New York is again the top market for New Hotel Openings with 47 Projects/7,239 Rooms...