Suburban locations lead openings in Q1

So far in the first quarter, 212 hotels with 24,122 rooms opened in the United States.

In the first quarter of 2017, there were 513 projects with 57,127 rooms newly announced into the hotel construction pipeline, according to analysts at Lodging Econometrics.

So far in the first quarter, 212 hotels with 24,122 rooms opened in the United States. The majority of these opens, 93 hotels with 10,018 rooms, were in suburban locations. Almost half of the opens, 100 hotels with 12,856 rooms, were hotel properties with between 100 and 200 rooms. Seventy-nine of these hotels and 10,544 of the rooms, or 37 percent, were in a top 25 market.

For the remainder of the year, LE forecasts another 868 projects with 97,386 rooms to open for a total of 1,080 hotels and 121,508 rooms in 2017, a 22-percent increase over the total number of openings last year. In 2018, LE forecasts an additional 1,283 hotels with 143,038 rooms will open in the U.S.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.