U.S. hotel supply expected to grow 2.5 percent in 2018

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Hotel supply in the United States is expected to grow 2.5 percent in 2018, according to Lodging Econometrics. That means 1,146 hotels with 130,877 rooms will open in the U.S. this year.

Of those expected to open, 511 hotels with 50,105 rooms will be upper-midscale, the highest count of any chain scale and 45 percent of all new openings, according to a news release from LE.

In 2019, the census is expected to grow another 2.5 percent with the opening of 1,215 hotels with 137,105 rooms. That’s about 6 percent more projects than are anticipated to open in 2018. In 2019, New York will again be the top market for new hotel openings with 47 hotels and 7,239 rooms.

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.