u.s. hotel openings
STR: U.S. Leads World in Hotel Openings as Construction Activity Declines
STR | April 6, 2021
HENDERSONVILLE, Tennessee — April 6, 2021 — The U.S. led the world in new hotel and room openings during Q1 2021, according to global pipeline data from STR’s AM:PM platform. At the same time, the country’s construction activity continues to decline in comparison with pre-pandemic levels. Over the three-month period, the U.S. opened 220 properties accounting for 26,057 rooms. Four additional countries opened more than 2,000 rooms during the same period. 1. U.S. (26,057 rooms) 2. China (12,418 rooms) 3. Japan (2,499 rooms) 4. Australia (2,382 rooms) 5. United Kingdom (2,214 rooms) The number of rooms current...
2.5% Growth Rate of New Hotel Openings Expected in 2018 & 2019
Lodging Econometrics | February 1, 2018
February 1, 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 1,145 Projects/130,209 Rooms opening up according to published reports from Lodging Econometrics (LE). Of those expected to open, 514 Projects/50,165 Rooms will be Upper Midscale, the highest count of any chain scale and 45% of all new openings. 556 Projects/59,309 Rooms, almost 50% of new openings, will be suburban locations although the U.S. market with the most anticipated openings is New York with 57 projects/9,534 Rooms. In 2019, the Census is expected to grow another 2.5% by ope...
U.S. Hotel Openings Forecast to Accelerate in the Next Two Years According to Lodging Econometrics
Lodging Econometrics | December 28, 2015
Dec. 28, 2015 - PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that new hotel openings in the United States will accelerate over the next two years. This year the U.S. is scheduled to open a total of 742 new hotels. Based on the current construction Pipeline, 845 hotels are forecast to open in 2016 with another 998 hotel openings in 2017. LE says that the growth in new hotel openings from 2016 to 2017 will be led by three major franchise companies, which are forecast to brand 67% of all new openings: Marriott International with 456 hotel openings, Hilton Worldwide with 406, and Intercontinental Hotels Group (IHG) with 374....
