U.S. Hotel Openings Forecast to Accelerate in the Next Two Years According to Lodging Econometrics
PORTSMOUTH, NH -- Analysts at Lodging Econometrics (LE) report that new hotel openings in the United States will accelerate over the next two years. This year the U.S. is scheduled to open a total of 742 new hotels. Based on the current construction Pipeline, 845 hotels are forecast to open in 2016 with another 998 hotel openings in 2017. LE says that the growth in new hotel openings from 2016 to 2017 will be led by three major franchise companies, which are forecast to brand 67% of all new openings: Marriott International with 456 hotel openings, Hilton Worldwide with 406, and Intercontinental Hotels Group (IHG) with 374.
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities