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Rate of Hotel Openings to Grow 2.5 Percent in 2018 and 2019

PORTSMOUTH, NH—By the end of 2018, the census of open and operating U.S. hotels is expected to grow by 2.5 percent to 1,145 projects/130,209 rooms open, according to published reports from Lodging Econometrics. The largest chain scale—the upper midscale hotel segment—will open 514 projects/50,165 rooms—45 percent of all new openings. Nearly half of all new openings—556 projects/59,309 rooms—will be in suburban locations and 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 percent by opening 1,209 projects/137,546 rooms, about 6 percent more projects than are anticipated to open in 2018. In 2019, New York is again the top market for new hotel openings with 37 projects/4,601 rooms. The upper midscale segment is expected to remain the top chain scale for new openings with 573 projects/55,660 rooms and suburban markets may see 661 projects/69,715 rooms open up.

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