Upper-Midscale Hotels Most Popular in Construction Pipeline

    Analysts at Lodging Econometrics (LE) report that upper-midscale hotel projects are currently the most popular in the construction pipeline. With 2,067 projects/205,662 rooms, the category has the largest project count of any chain scale in the total pipeline. The second largest category is upscale, which currently has 1,246 projects/161,229 rooms. Together, these upper-scale categories comprise 66 percent of all projects in the pipeline.

    The brands with the most projects in the upper-midscale pipeline are IHG’s Holiday Inn Express (412 projects/38,160 rooms), Hilton’s Home2 Suites (344 projects/36,074 rooms), and Marriott’s Fairfield Inn (285 projects/27,220 rooms). The top upscale brands are Marriott’s Residence Inn (188 projects/23,725 rooms), Marriott’s SpringHill Suites (147 projects/17,293 rooms), and Hilton Garden Inn (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. Upper-midscale is forecasted to grow its guest room Census by 5.3 percent and upscale by 5.7 percent in 2017, and by 6.3 percent and 5.8 percent in 2018, respectively.

    Advertisement
    Previous articleAHLA Urges Congress to Support Brand USA
    Next articleHREC Arranges Sale of Comfort Suites Lakewood, Colorado