PORTSMOUTH, NH—Lodging Econometrics (LE) reports that the hotel companies with the most projects in Latin America’s construction pipeline are AccorHotels with 112 projects/15,988 rooms, Marriott International with 98 projects/15,515 rooms, and Hilton Worldwide with 66 projects/10,331 rooms. The largest brands in the pipeline for each of these companies are AccorHotels’ midscale brand Ibis with 44 projects/5,648 rooms, Hilton Garden Inn with 18 projects/2,599 rooms, and Courtyard by Marriott with 12 projects/1,761 rooms.
The countries with the most hotel construction projects in Latin America are Brazil with 229 projects/37,837 rooms, Mexico with 185 projects/33,176 rooms, and Colombia with 60 projects/9,531 rooms. The cities leading Latin America’s hotel construction are Lima, Peru with 29 projects/4,794 rooms, Sao Paulo, Brazil with 22 projects/3,890 rooms and Cancun, Mexico with 21 projects/8,326 rooms.
According to Lodging Econometrics (LE), the total construction pipeline in Canada currently has 237 projects/29,881 rooms, up 11 percent by projects year-over-year (YOY).
There are 90 projects/11,811 rooms under construction, up 20 percent by projects YOY. The number of projects scheduled to start construction in the next 12 months is up 11 percent at 93 projects with a total of 10,658 rooms, while those in early planning stages are down 2 percent at 54 projects/7,412 rooms.
The top hotel companies in Canada’s construction pipeline by projects are: Marriott with 54 projects/7,718 rooms; InterContinental Hotels Group (IHG) with 44 projects/4,528 rooms; and Hilton with 38 projects/4,319 rooms. The largest brands in the pipeline for each of these companies are: Courtyard by Marriott with 11 projects/1,596 rooms; IHG’s Holiday Inn Express with 29 projects/3,017 rooms; and Hilton’s Hampton Inn & Suites with 14 projects/1,428 rooms.
Cities in Canada with the largest pipelines are: Toronto with 34 projects/4,915 rooms; Calgary with 15 projects/2,310 rooms; and Edmonton with 12 projects/1,825 rooms.
By the end of 2018, the number of open and operating hotels in the United States is expected to grow by 2.5 percent with 1,146 properties totaling 130,877 rooms opening, according to published reports from Lodging Econometrics (LE). Of those expected to open, 511 projects/50,105 rooms will be in the upper-midscale segment, the highest count of any chain scale and 45 percent of all new openings.
In 2019, 1,215 hotels totaling 137,105 rooms are expected to open, grow the Census of Open and Operating Hotels in the United States by another 2.5 percent. About 6 percent more projects are anticipated to open in 2019 vs. 2018. In 2019, New York is again expected to take the spot of the top market for new hotel openings, with 47 projects/7,239 rooms.
According to Lodging Econometrics (LE), 1,360 projects/143,379 rooms in the U.S. construction pipeline are extended-stay projects. Of these, 428 projects/47,340 rooms are already under construction, accounting for 27 percent of all projects under construction in the total U.S. pipeline. Additionally, 628 extended-stay properties totaling 66,846 rooms are scheduled to start construction in the next 12 months while an additional 304 projects/29,193 rooms are in early planning stages.
Home2 Suites by Hilton currently has the largest extended-stay pipeline with 377 projects/39,474 rooms. The second-largest brand is Marriott’s TownePlace Suites with 206 projects/21,193 rooms, followed by its Residence Inn brand with 200 projects/24,978 rooms. IHG’s Staybridge Suites follows suit with 139 projects/14,740 rooms.
By the end of 2018, 320 extended-stay hotels totaling 33,961 rooms are expected to open across the country, with another 309 projects/33,087 rooms in 2019. Last year, 259 extended-stay hotels with 28,990 rooms opened in the United States.
Roger Miller has been appointed chief revenue and business development officer for Alliance Hospitality, where he will use his over 30 years of hospitality industry experience to bring success to the company. Miller is the current president of RA Miller Hospitality Sales and Marketing.
Take a look at other notable comings and goings that took place this week here.
Analysts at Lodging Econometrics report that together the upper-midscale and upscale hotel construction projects in the United States account for 72 percent of all hotel construction projects in the U.S. pipeline. The upper-midscale category, including unbranded projects, has 2,278 projects/233,150 rooms and is the largest chain scale in the U.S. construction pipeline. The second largest chain scale—including unbranded properties—is the upscale category, which has 1,529 projects/208,334 rooms.
The brands with the largest number of projects in the upper-midscale segment are IHG’s Holiday Inn Express with 438 projects/40,657 rooms; Home2 Suites by Hilton with 377 projects/39,474 rooms; and Hampton Inn & Suites by Hilton with 316 projects/32,132 rooms. For the upscale segment, the largest brand pipelines belong to Residence Inn by Marriott with 200 projects/24,978 rooms; SpringHill Suites by Marriott with 176 projects/20,124 rooms; and IHG’s Staybridge Suites with 139 projects/14,740 rooms.