According to the quarterly United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest construction pipelines at the end of Q3 2022 are led by Marriott International with 1,385 projects/168,725 rooms. Following Marriott is Hilton Worldwide with 1,351 projects/152,383 rooms, and InterContinental Hotels Group (IHG) with 787 projects/79,382 rooms.
Combined, these three companies account for 66% of the projects and 64% of the rooms in the total pipeline. Each company has seen growth year-over-year.
These three franchise companies also have the most projects and rooms in each stage of the construction pipeline. Marriott leads with the greatest number of projects in the under construction stage with 259 projects/35,946 rooms, then Hilton with 248 projects/31,698 rooms, and IHG with 135 projects/15,688 rooms currently under construction.
At the close of the third quarter, Marriott also leads with the most projects scheduled to start construction in the next 12 months with 739 projects/87,626 rooms, followed by IHG with 484 projects/46,957 rooms, and Hilton with 333 projects/38,043 rooms.
Hilton set record high project and rooms counts in the early planning stage at the Q3 close, totaling 770 projects/82,642 rooms. Marriott currently has 387 projects/45,153 rooms in early planning and IHG closed the quarter with 168 projects/16,737 rooms in the early planning stage.
Hotel construction by brand
The brands of each of these companies with the largest number of projects in the pipeline at Q3 are Hilton’s Home2 Suites with 494 projects/50,809 rooms; IHG’s Holiday Inn Express with 297 projects/28,323; and Marriott’s TownePlace Suites with 291 projects/27,329 rooms. Other prominent brands in the pipeline for these franchise companies are the Hampton by Hilton brands with 281 projects/28,543 rooms; Marriott’s Fairfield Inn with 238 projects/21,988 rooms; and IHG’s Avid Hotel brand with 135 projects/11,445 rooms.
Through the end of the third quarter, Marriott opened 102 new hotels/12,908 rooms. Hilton opened 90 new hotels/10,834 rooms, and IHG opened 40 projects/4,120 rooms.
ALSO SEE: Top 115 Hotel Sector Architecture and AE Firms for 2022
LE analysts forecast Marriott will open the most new hotels in 2023 with 168 hotels/20,952 rooms. Next is Hilton with 136 new hotels/17,049 rooms, followed by IHG with 89 new hotels/9,588 rooms. In 2024, LE forecasts that Marriott will open 192 new hotels/22,815 rooms. Hilton is expected to open 154 new hotels/16,967 rooms and IHG is expected to open 142 new hotels/14,596 rooms.
Related Stories
Reconstruction & Renovation | Mar 30, 2017
Waldorf Astoria New York to undergo massive renovation
Skidmore, Owings & Merrill and Pierre-Yves Rochon prepared the designs for what will be one of the most complex and intensive landmark preservation efforts in New York City history.
Hotel Facilities | Mar 14, 2017
Hotels are becoming the favored places for retailers and consumer products to bolster their brands
Several high-profile names have launched hospitality divisions, often with well-established management partners.
Hotel Facilities | Mar 9, 2017
Robots. 70’s Retro. Biophilia. Co-Living Spaces. Two leading architectural firms single out 18 trends for hospitality this year.
HKS and HBA even see a demand for hotels catering to “agritourism.”
Mixed-Use | Mar 1, 2017
New hotel and residential tower coming to San Francisco’s Transbay neighborhood
The ground-up development will feature 255 hotel rooms and 69 residential units.
Hotel Facilities | Feb 20, 2017
The future of hotel design: Human-centered
Change is inevitable and it impacts on everything, not least on the way we design.
Market Data | Feb 16, 2017
How does your hospital stack up? Grumman/Butkus Associates 2016 Hospital Benchmarking Survey
Report examines electricity, fossil fuel, water/sewer, and carbon footprint.
Hotel Facilities | Feb 15, 2017
Morphosis redesigns Swiss hotel rooms as custom ‘aesthetic experiences’
The redesigned rooms focused on scale, color, tactility, unexpected form, and connections to the natural context.
Hotel Facilities | Jan 30, 2017
New renderings of the 1966 Century Plaza Hotel’s redevelopment
The redevelopment project got underway last summer and is expected to be completed in 2018.
Hotel Facilities | Jan 25, 2017
New Denver hotel will integrate historic 130-year-old fire station into its design
The 1883 Denver Hose Company No.1 building will be fully restored as part of the project.
Modular Building | Jan 12, 2017
The largest modular construction hotel project in New York City is starting to get pieced together
The hotel’s 300 rooms are made from 210 prefabricated pods from Polcom Modular.
