A recent report from Lodging Econometrics shows that 1,370 projects totaling 143,344 rooms in the U.S. hotel construction pipeline are extended-stay projects. Of these, 424 projects/46,551 rooms are under construction, accounting for 27 percent of all hotel projects under construction in the total pipeline. An additional 605 projects/64,121 rooms are scheduled to start construction in the next 12 months and 341 projects/32,672 rooms are in early planning stages.
Home2 Suites by Hilton currently leads the extended-stay pipeline with 355 projects/37,188 rooms. The second largest brand in the extended-stay pipeline is Marriott’s Towneplace Suites with 208 projects/21,299 rooms, followed by Marriott’s Residence Inn brand with 199 projects/24,680 rooms.
In 2017, 239 extended-stay hotels with 26,586 rooms opened in the United States. By the end of 2018, 332 extended-stay U.S. hotels totaling 35,167 rooms are expected to open, with another 332 extended-stay projects and 35,829 rooms expected to open in 2019.