At the end of Q1‘21, the franchise company with the most projects in the under-construction stage of the pipeline is Marriott at 29%, accounting for 391 projects/57,687 rooms. The franchise company with the most pipeline projects in the scheduled to start within the next 12 months stage is IHG at 63%, with 512 projects/50,656 rooms. Hilton has the most projects in the early planning stage of the pipeline, at 52%, with 647 projects/70,610 rooms.
The brands with the largest U.S. pipelines currently are Hilton’s Home2 Suites with 375 projects/39,243 rooms and IHG’s Holiday Inn Express with 314 projects/30,085 rooms. Hampton Inn by Hilton follows with 278 projects/29,193 rooms. Fairfield Inn by Marriott is next with 263 projects/25,554 rooms, then Tru by Hilton with 251 projects/23,937 rooms, and Marriott’s TownPlace Suites with 205 projects/20,285 rooms.
Other notable brands in the pipeline include Marriott’s Residence Inn with 194 projects/24,141 rooms, followed by IHG’s Avid Hotel with 164 projects/14,541 rooms, and Marriott’s SpringHill Suites with 158 projects/17,855 rooms.
During the first quarter of 2021, 229 hotels with 27,528 rooms opened across the U.S. Of these openings, Marriott, Hilton, and IHG branded hotels accounted for 73% with 167 new hotel openings and 20,164 rooms. LE is expecting these top franchise companies to open another 447 hotels with 54,622 rooms by the end of this year.
Tags: Lodging Econometrics
