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

Photo credit: Pixabay/Free-Photos (New York City)

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.