The United States continues to lead all countries with the largest hotel construction pipelines, according to the latest estimates by Portsmouth, N.H.-based Lodging Econometrics, a global real estate consulting firm.
Through the end of the first quarter of 2016, the U.S. had 4,471 projects under construction with an aggregate 551,965 rooms. Those numbers represent 40% of the projects and 29% of its rooms in the global pipeline, which in total is up 5% year-over-year by projects, and 6% by rooms.
New York, with 187 projects and 32,136 rooms, topped all cities worldwide with the largest hotel construction pipelines. “New York City has been adding more hotel rooms at a faster rate than the national average, with new properties springing up as existing ones are being spruced up across the five boroughs,” states NYC & Company, a research and analytics firm, in a recent report tracking the city’s prospective hotel development through 2019.
Lodging Econometrics found that New York is followed in the U.S. by Houston (169 projects), Dallas (128), Los Angeles (94), and newcomer to the top five Nashville (89).
Marriott International has the most hotel projects in the U.S. construction pipelines in four of those five metros. (Intercontinental Hotels Group leads in Houston, with 46 projects underway.)
According to its latest United States Construction Pipeline Trends report, Lodging Econometrics estimates that hotel development by upscale chains represented 31% (1,384 projects) of the total domestically. The leading upscale brands—all of which are under Marriott’s umbrella—are Residence Inn with 168 Projects, Courtyard with 140 projects and SpringHill Suites with 124 projects. These three largest brands account for one third of all pipeline projects in the upscale chain scale.
Excluding the U.S., there were 5,277 projects and 990,669 rooms under construction globally through Q1 2016. That’s down 1% by projects and 1% by rooms from the same period a year ago. China leads the way with 2,448 projects and 549,333 rooms. Distantly following are Brazil (407/70,833), Indonesia (398/64,695) and India (314/47,566).
The four countries trailing the U.S. had shrinking pipelines in the last year, down an average of 12% by projects. India recorded the largest drop, with a decrease of 19% by project count.
Cities outside of the U.S. where hotel construction is strongest include Jakarta, with 130 projects and 22,851 rooms being built; Seoul, South Korea (128/27,187); Shanghai (114/24,285), and Dubai (104/29,948).
Projects scheduled to start construction globally in the next 12 months are up 24% by projects to 3,214 projects and 22% by rooms to 466,129. Hotels in early planning stages, at 2,705 projects/462,016 rooms, are down 1% by projects but up 3% by rooms.
Related Stories
| Dec 28, 2014
7 fresh retail design strategies
Generic ‘boxes’ and indifferent service won’t cut it with today’s savvy shoppers. Retailers are seeking a technology-rich-but-handmade vibe, plus greater speed to market and adaptability.
| Dec 2, 2014
Nonresidential construction spending rebounds in October
This month's increase in nonresidential construction spending is far more consistent with the anecdotal information floating around the industry, says ABC's Chief Economist Anirban Basu.
| Nov 29, 2014
20 tallest towers that were never completed
Remember the Chicago Spire? What about Russia Tower? These are two of the tallest building projects that were started, but never completed, according to the Council on Tall Buildings and Urban Habitat. The CTBUH Research team offers a roundup of the top 20 stalled skyscrapers across the globe.
| Oct 16, 2014
Perkins+Will white paper examines alternatives to flame retardant building materials
The white paper includes a list of 193 flame retardants, including 29 discovered in building and household products, 50 found in the indoor environment, and 33 in human blood, milk, and tissues.
| Oct 15, 2014
Harvard launches ‘design-centric’ center for green buildings and cities
The impetus behind Harvard's Center for Green Buildings and Cities is what the design school’s dean, Mohsen Mostafavi, describes as a “rapidly urbanizing global economy,” in which cities are building new structures “on a massive scale.”
| Oct 12, 2014
AIA 2030 commitment: Five years on, are we any closer to net-zero?
This year marks the fifth anniversary of the American Institute of Architects’ effort to have architecture firms voluntarily pledge net-zero energy design for all their buildings by 2030.
| Sep 24, 2014
Must see: Semi-submerged hotel planned for Qatar's man-made island
Plans for a new hotel in the Persian Gulf are taking Dubai’s Palm Islands concept to a whole new level—underwater, that is.
| Sep 24, 2014
Architecture billings see continued strength, led by institutional sector
On the heels of recording its strongest pace of growth since 2007, there continues to be an increasing level of demand for design services signaled in the latest Architecture Billings Index.
| Sep 22, 2014
4 keys to effective post-occupancy evaluations
Perkins+Will's Janice Barnes covers the four steps that designers should take to create POEs that provide design direction and measure design effectiveness.
| Sep 22, 2014
Sound selections: 12 great choices for ceilings and acoustical walls
From metal mesh panels to concealed-suspension ceilings, here's our roundup of the latest acoustical ceiling and wall products.
