In the second quarter of 2021, analysts at Lodging Econometrics (LE) report that the top franchise companies with the largest construction pipelines are: Marriott International with 1,301 projects/170,847 rooms, Hilton Worldwide with 1,216 projects/139,172 rooms, and InterContinental Hotels Group (IHG) with 777 projects/78,929 rooms. Development projects with these three franchise companies comprise 69% of all projects in the total construction pipeline.
The largest brands for each of these companies are Marriott’s Fairfield Inn with 257 projects/25,051 rooms, Hilton’s Home2 Suites by Hilton, with 379 projects/39,584 rooms and IHG’s Holiday Inn Express with 303 projects/29,055 rooms. These three brands make up 20% 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/19,422 rooms and Residence Inn with 189 projects/23,493 rooms; Hilton’s Hampton by Hilton with 269 projects/28,071 rooms and Tru by Hilton with 235 projects/22,521 rooms; and IHG’s Avid Hotel with 157 projects/13,842 rooms and Staybridge Suites with 122 projects/12,607 rooms.
In the second quarter of 2021, LE recorded 583 conversion projects/63,807 rooms. Of these conversion totals, Best Western leads with 116 conversion projects/10,289 rooms, accounting for 20% of the conversion pipeline by projects. Following Best Western is Choice Hotels, Marriott International, and Hilton Worldwide. Best Western and these three franchise companies combined account for 61% of all the rooms in the conversion pipeline across the United States.
472 new hotels with 59,034 rooms opened across the United States during the first half of 2021. Marriott, Hilton, and IHG collectively opened 74% of the hotels. Marriott opened 152 hotels with 20,416 rooms, Hilton opened 125 hotels/16,970 rooms, and IHG opened 72 hotels/7,249 rooms.
Related Stories
Market Data | Jun 2, 2020
Architects, health experts release strategies, tools for safely reopening buildings
AIA issues three new and enhanced tools for reducing risk of COVID-19 transmission in buildings.
Market Data | Jun 2, 2020
5 must reads for the AEC industry today: June 2, 2020
New Luxembourg office complex breaks ground and nonresidential construction spending falls.
Market Data | Jun 1, 2020
Nonresidential construction spending falls in April
Of the 16 subcategories, 13 were down on a monthly basis.
Market Data | Jun 1, 2020
7 must reads for the AEC industry today: June 1, 2020
Energy storage as an amenity and an entry-point for wellness screening everywhere.
Market Data | May 29, 2020
House-passed bill making needed improvements to paycheck protection program will allow construction firms to save more jobs
Construction official urges senate and White House to quickly pass and sign into law the Paycheck Protection Program Flexibility Act.
Market Data | May 29, 2020
7 must reads for the AEC industry today: May 29, 2020
Using lighting IoT data to inform a safer office reentry strategy and Ghafari joins forces with Eview 360.
Market Data | May 27, 2020
5 must reads for the AEC industry today: May 28, 2020
Biophilic design on the High Line and the office market could be a COVID-19 casualty.
Market Data | May 27, 2020
6 must reads for the AEC industry today: May 27, 2020
AIA's COTE Top Ten Awards and OSHA now requires employers to track COVID-19 cases.
Market Data | May 26, 2020
6 must reads for the AEC industry today: May 26, 2020
Apple's new Austin hotel and is CLT really a green solution?
Market Data | May 21, 2020
7 must reads for the AEC industry today: May 21, 2020
'Creepy' tech invades post-pandemic offices, and meet the new darling of commercial real estate.
