Upper Midscale Category Leads Construction Pipeline with 2,067 Projects/205,662 Rooms Followed by Upscale with 1,246 Projects/161,229 Rooms
May 23, 2017 10:29am
May 23, 2017 – PORTSMOUTH, NH
Analysts at Lodging Econometrics (LE) report that the Upper Midscale category is currently at 2,067 Projects/205,662 Rooms, and has the largest project count of any chain scale in the Total Pipeline. The second largest is Upscale, which currently has 1,246 Projects/161,229 Rooms. Together, the Upper Midscale and Upscale Pipelines comprise 66% of all projects in the Total Pipeline.
The brands with the largest number of projects in the Upper Midscale pipeline are; IHG’s Holiday Inn Express with 412 Projects/38,160 Rooms, Hilton’s Home2 Suites 344 Projects/36,074 Rooms and Marriott’s Fairfield Inn with 285 Projects/27,220 Rooms. In Upscale, the top brands are; Marriott’s Residence Inn with 188 Projects/23,725 Rooms, Marriott’s SpringHill Suites with 147 Projects/17,293 Rooms and Hilton Garden Inn with 135 Projects/17,914 Rooms.
As would be expected, these two chain scales are forecasted to have the highest guest room growth rates over the next 2 years. The Upper Midscale chain scale is forecasted to grow its guest room Census by 5.3% and Upscale by 5.7% in 2017, and by 6.3% and 5.8% in 2018, respectively.
Tags: lodging econometrics,
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
Latin America's Construction Pipeline Stalling With Pojects Down 5% YOY
Projects in Canada's Construction Pipeline Up 17% YOY
Mid-Market Brands Led Hotel Sales Volume in 2017
Orlando Tops 2017 Markets with 21 Hotels Sold and Average Selling Price Per Room of $96,402
Hotel Sales Volume Declines, Average Price Per Room Increases Moderately
Extended-Stay Hotels Account for 27% of All Projects Under Construction
2.5% Growth Rate of New Hotel Openings Expected in 2018 & 2019
Upper Midscale and Upscale Projects Lead the U.S. Construction Pipeline Comprising 67% of Total Pipeline
Marriott, Hilton and IHG Lead U.S. Construction Pipeline Comprising 69% of Total Pipeline
Marriott Boasts Largest Franchise in U.S. Construction Pipeline with 1,410 Projects Total
The Year-End U.S. Hotel Construction Pipeline Continues Its Upward Growth Trend, Projects Up 4% YOY
North America, Asia Pacific and EMEA Lead World Regions in Global Hotel Construction Pipeline
Global Hotel Construction Pipeline Up 8% YOY with 12,427 Projects
Shanghai Leads China's Construction Pipeline Followed by Guangzhou, Chengdu and Beijing
Asia Pacific Construction Pipeline Excluding China Up 15% by Projects YOY
Middle East Construction Pipeline Shows Growth with Projects Up 12% YOY
Europe's Hotel Construction Pipeline Up 22% Led by AccorHotels
Latin America’s Construction Pipeline is Stalling, Down 4% by Projects YOY
Projects in Canada's Construction Pipeline are Up 11% YOY
New Openings Growing Steadily as the Cycle Matures
Please login or register to post a comment.