High-end hotels in the U.S. have been having a good 2012 and can expect to do even better next year, with average daily room rates expected to be up 5.3% in 2013 compared to 4.7% this year and the 2.8% long-term average, according to PKF Hospitality Research. That bodes well for firms doing hotel design and construction.
On the retail side, the ULI Center for Capital Markets and Real Estate forecasts vacancy rates to begin to turn around this year, down to 12.5% in 2013. Retail rentals should be up 2.0% next year, says the ULI. +
TOP 10 HOSPITALITY SECTOR ARCHITECTURE FIRMS
| Rank | Company | 2011 Hospitality Revenue ($) |
| 1 | WATG | 54,939,171 |
| 2 | Gensler | 51,750,000 |
| 3 | HKS | 32,336,523 |
| 4 | HOK | 18,287,163 |
| 5 | Hnedak Bobo Group | 14,580,025 |
| 6 | tvsdesign | 14,188,382 |
| 7 | RTKL Associates | 13,970,968 |
| 8 | BLT Architects | 12,200,000 |
| 9 | BBG-BBGM | 12,058,000 |
| 10 | Perkins Eastman | 11,050,000 |
TOP 10 HOSPITALITY SECTOR ENGINEERING FIRMS
| Rank | Company | 2011 Hospitality Revenue ($) |
| 1 | AECOM Technology Corp. | 296,000,000 |
| 2 | Parsons Brinckerhoff | 17,600,000 |
| 3 | Rolf Jensen & Associates | 9,000,000 |
| 4 | Arup | 8,838,492 |
| 5 | Jacobs | 6,310,000 |
| 6 | KPFF Consulting Engineers | 6,000,000 |
| 7 | Thornton Tomasetti | 5,850,000 |
| 8 | WSP USA | 5,300,000 |
| 9 | Michael Baker Jr., Inc. | 4,340,000 |
| 10 | Stantec | 4,230,000 |
TOP 10 HOSPITALITY SECTOR CONSTRUCTION FIRMS
| Rank | Company | 2011 Hospitality Revenue ($) |
| 1 | Tutor Perini Corp. | 839,703,000 |
| 2 | Swinerton | 243,415,560 |
| 3 | Hardin Construction | 239,457,598 |
| 4 | Structure Tone | 223,330,000 |
| 5 | Balfour Beatty US | 170,785,709 |
| 6 | Hunt Construction Group | 164,500,000 |
| 7 | Yates Co., The | 137,600,000 |
| 8 | Weitz Co., The | 118,200,000 |
| 9 | Pepper Construction Group | 89,843,000 |
| 10 | Manhattan Construction Group | 84,325,000 |
TOP 10 RETAIL SECTOR ARCHITECTURE FIRMS
| Rank | Company | 2011 Retail Revenue ($) |
| 1 | Gensler | 84,700,000 |
| 2 | RTKL Associates | 58,957,056 |
| 3 | MulvannyG2 Architecture | 42,033,036 |
| 4 | WD Partners | 35,294,000 |
| 5 | Perkowitz+Ruth Architects | 32,686,910 |
| 6 | MBH Architects | 30,541,000 |
| 7 | RSP Architects | 17,641,000 |
| 8 | FRCH Design Worldwide | 16,630,000 |
| 9 | LawKingdon Architecture | 15,600,000 |
| 10 | CASCO Diversified Corp. | 14,650,000 |
TOP 10 RETAIL SECTOR ENGINEERING FIRMS
| Rank | Company | 2011 Retail Revenue ($) |
| 1 | AECOM Technology Corp. | 136,000,000 |
| 2 | Jacobs | 60,550,000 |
| 3 | Stantec | 59,220,000 |
| 4 | Henderson Engineers | 47,600,000 |
| 5 | URS Corp. | 23,650,000 |
| 6 | Parsons Brinckerhoff | 21,700,000 |
| 7 | Wiss, Janney, Elstner Associates | 18,562,000 |
| 8 | Bergmann Associates | 14,200,000 |
| 9 | Science Applications Int’l Corp. | 11,860,000 |
| 10 | Wallace Engineering | 7,210,000 |
TOP 10 RETAIL SECTOR CONSTRUCTION FIRMS
| Rank | Company | 2011 Retail Revenue ($) |
| 1 | Whiting-Turner Contracting Co., The | 396,821,222 |
| 2 | Shawmut Design and Construction | 276,700,000 |
| 3 | PCL Construction Enterprises | 188,344,721 |
| 4 | EMJ Corp. | 164,437,662 |
| 5 | Weitz Co., The | 136,700,000 |
| 6 | Structure Tone | 97,500,000 |
| 7 | O’Neil Industries / W.E. O’Neil | 96,620,000 |
| 8 | Ryan Companies US | 92,895,680 |
| 9 | E.W. Howell | 79,395,000 |
| 10 | KBE Building Corp. | 70,365,040 |
Related Stories
Sustainability | Jul 27, 2023
USGBC warns against building energy code preemptions, rollbacks
In a recent editorial, the USGBC cited a growing number of U.S. state legislators who are “aiming to roll back building energy code standards and/or preempt local governments from advancing energy-efficient building codes.”
Resiliency | Jul 27, 2023
'Underground climate change' can damage building foundations, civil infrastructure
A phenomenon known as “underground climate change” can lead to damage of building foundations and civil infrastructure, according to a researcher at Northwestern University. When the ground gets hotter, it can expand and contract, causing foundations to move and sometimes crack.
Adaptive Reuse | Jul 27, 2023
Number of U.S. adaptive reuse projects jumps to 122,000 from 77,000
The number of adaptive reuse projects in the pipeline grew to a record 122,000 in 2023 from 77,000 registered last year, according to RentCafe’s annual Adaptive Reuse Report. Of the 122,000 apartments currently undergoing conversion, 45,000 are the result of office repurposing, representing 37% of the total, followed by hotels (23% of future projects).
Hotel Facilities | Jul 26, 2023
Hospitality building construction costs for 2023
Data from Gordian breaks down the average cost per square foot for 15-story hotels, restaurants, fast food restaurants, and movie theaters across 10 U.S. cities: Boston, Chicago, Las Vegas, Los Angeles, Miami, New Orleans, New York, Phoenix, Seattle, and Washington, D.C.
Sustainability | Jul 26, 2023
Carbon Neutrality at HKS, with Rand Ekman, Chief Sustainability Officer
Rand Ekman, Chief Sustainability Officer at HKS Inc., discusses the firm's decarbonization strategy and carbon footprint assessment.
Sports and Recreational Facilities | Jul 26, 2023
10 ways public aquatic centers and recreation centers benefit community health
A new report from HMC Architects explores the critical role aquatic centers and recreation centers play in society and how they can make a lasting, positive impact on the people they serve.
Multifamily Housing | Jul 25, 2023
San Francisco seeks proposals for adaptive reuse of underutilized downtown office buildings
The City of San Francisco released a Request For Interest to identify office building conversions that city officials could help expedite with zoning changes, regulatory measures, and financial incentives.
Designers | Jul 25, 2023
The latest 'five in focus' healthcare interior design trends
HMC Architects’ Five in Focus blog series explores the latest trends, ideas, and innovations shaping the future of healthcare design.
Urban Planning | Jul 24, 2023
New York’s new ‘czar of public space’ ramps up pedestrian and bike-friendly projects
Having made considerable strides to make streets more accessible to pedestrians and bikers in recent years, New York City is continuing to build on that momentum. Ya-Ting Liu, the city’s first public realm officer, is shepherding $375 million in funding earmarked for projects intended to make the city more environmentally friendly and boost quality of life.
Market Data | Jul 24, 2023
Leading economists call for 2% increase in building construction spending in 2024
Following a 19.7% surge in spending for commercial, institutional, and industrial buildings in 2023, leading construction industry economists expect spending growth to come back to earth in 2024, according to the July 2023 AIA Consensus Construction Forecast Panel.
