MARRIOTT INTERNATIONAL TOPPED the U.S. the construction pipeline for franchise companies in the second quarter of this year with 1,301 projects with 170,847 rooms, according to Lodging Econometrics. Marriott’s Fairfield Inn was the largest brand.
Hilton Worldwide was second with 1,216 projects with 139,172 rooms, and InterContinental Hotels Group with 777 projects with 78,929 rooms occupy next positions. According to the report, development projects with these three franchise companies comprise 69 percent of all projects in the total construction pipeline.
Marriott’s Fairfield Inn with 257 projects with 25,051 rooms is the largest brand under construction followed by Hilton’s Home2 Suites by Hilton, with 379 projects with 39,584 rooms and IHG’s Holiday Inn Express with 303 projects with 29,055 rooms.
These three brands make up 20 percent of the total construction pipeline rooms in the U.S.
“Other high-volume brands in the pipeline for each of these franchises are Marriott’s TownePlace Suites with 198 projects with 19,422 rooms and Residence Inn with 189 projects with 23,493 rooms. Hilton’s Hampton by Hilton with 269 projects with 28,071 rooms and Tru by Hilton with 235 projects with 22,521 rooms are in the next position. IHG’s Avid Hotel with 157 projects with 13,842 rooms and Staybridge Suites with 122 projects with 12,607 rooms are also work in progress,” the LE report said.
LE recorded 583 conversion projects with 63,807 rooms in second quarter 2021. Best Western leads with 116 conversion projects with 10,289 rooms, accounting for 20 percent of the conversion pipeline by projects.
It is followed by Best Western is Choice Hotels, Marriott International, and Hilton Worldwide. Best Western and these three franchise companies combined account for 61 percent of all the rooms in the conversion pipeline across the U.S., the report added.
The LE report further said that as many as 472 new hotels with 59,034 rooms opened across the U.S. in the first six months of 2021.
Marriott, Hilton, and IHG collectively opened 74 percent of the hotels. Marriott opened 152 hotels with 20,416 rooms. Hilton and IHG opened 125 hotels with 16,970 rooms and 72 hotels with 7,249 rooms respectively.
According to an earlier report, the U.S. hotel construction pipeline declined 14 percent year-over-year in the second quarter in 2021. New York City led the pipeline, followed by Los Angeles.
