Hotel Room Supply in the Denver Region to Increase 6.66% over the next 12 Months
Hotel Market Data (HMD) Index indicates nearly 3,000 new hotel rooms will become available in the Denver region by Q2 2017
CHICAGO, IL. -- The Denver region will see their total supply of hotel rooms grow to 45,000 by March of next year as 19 hotels are slated to open over the next 12 months. Growth in the Denver area comes out to a 6.66% increase in hotel room supply, a mark that outpaces the 3.48% projected national growth rate in room supply by Q2 2017.
By March 2017, IHG (NYSE: IHG) will likely see the greatest gain in franchise hotel room supply with an 8.83% growth rate, while Hilton Worldwide (NYSE: HLT) will expand its room supply in the Denver region by 6.40% over the next 12 months.
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