High-end hotels in the U.S. have been having a good 2012 and can expect to do even better next year, with average daily room rates expected to be up 5.3% in 2013 compared to 4.7% this year and the 2.8% long-term average, according to PKF Hospitality Research. That bodes well for firms doing hotel design and construction.
On the retail side, the ULI Center for Capital Markets and Real Estate forecasts vacancy rates to begin to turn around this year, down to 12.5% in 2013. Retail rentals should be up 2.0% next year, says the ULI. +
TOP 10 HOSPITALITY SECTOR ARCHITECTURE FIRMS
Rank | Company | 2011 Hospitality Revenue ($) |
1 | WATG | 54,939,171 |
2 | Gensler | 51,750,000 |
3 | HKS | 32,336,523 |
4 | HOK | 18,287,163 |
5 | Hnedak Bobo Group | 14,580,025 |
6 | tvsdesign | 14,188,382 |
7 | RTKL Associates | 13,970,968 |
8 | BLT Architects | 12,200,000 |
9 | BBG-BBGM | 12,058,000 |
10 | Perkins Eastman | 11,050,000 |
TOP 10 HOSPITALITY SECTOR ENGINEERING FIRMS
Rank | Company | 2011 Hospitality Revenue ($) |
1 | AECOM Technology Corp. | 296,000,000 |
2 | Parsons Brinckerhoff | 17,600,000 |
3 | Rolf Jensen & Associates | 9,000,000 |
4 | Arup | 8,838,492 |
5 | Jacobs | 6,310,000 |
6 | KPFF Consulting Engineers | 6,000,000 |
7 | Thornton Tomasetti | 5,850,000 |
8 | WSP USA | 5,300,000 |
9 | Michael Baker Jr., Inc. | 4,340,000 |
10 | Stantec | 4,230,000 |
TOP 10 HOSPITALITY SECTOR CONSTRUCTION FIRMS
Rank | Company | 2011 Hospitality Revenue ($) |
1 | Tutor Perini Corp. | 839,703,000 |
2 | Swinerton | 243,415,560 |
3 | Hardin Construction | 239,457,598 |
4 | Structure Tone | 223,330,000 |
5 | Balfour Beatty US | 170,785,709 |
6 | Hunt Construction Group | 164,500,000 |
7 | Yates Co., The | 137,600,000 |
8 | Weitz Co., The | 118,200,000 |
9 | Pepper Construction Group | 89,843,000 |
10 | Manhattan Construction Group | 84,325,000 |
TOP 10 RETAIL SECTOR ARCHITECTURE FIRMS
Rank | Company | 2011 Retail Revenue ($) |
1 | Gensler | 84,700,000 |
2 | RTKL Associates | 58,957,056 |
3 | MulvannyG2 Architecture | 42,033,036 |
4 | WD Partners | 35,294,000 |
5 | Perkowitz+Ruth Architects | 32,686,910 |
6 | MBH Architects | 30,541,000 |
7 | RSP Architects | 17,641,000 |
8 | FRCH Design Worldwide | 16,630,000 |
9 | LawKingdon Architecture | 15,600,000 |
10 | CASCO Diversified Corp. | 14,650,000 |
TOP 10 RETAIL SECTOR ENGINEERING FIRMS
Rank | Company | 2011 Retail Revenue ($) |
1 | AECOM Technology Corp. | 136,000,000 |
2 | Jacobs | 60,550,000 |
3 | Stantec | 59,220,000 |
4 | Henderson Engineers | 47,600,000 |
5 | URS Corp. | 23,650,000 |
6 | Parsons Brinckerhoff | 21,700,000 |
7 | Wiss, Janney, Elstner Associates | 18,562,000 |
8 | Bergmann Associates | 14,200,000 |
9 | Science Applications Int’l Corp. | 11,860,000 |
10 | Wallace Engineering | 7,210,000 |
TOP 10 RETAIL SECTOR CONSTRUCTION FIRMS
Rank | Company | 2011 Retail Revenue ($) |
1 | Whiting-Turner Contracting Co., The | 396,821,222 |
2 | Shawmut Design and Construction | 276,700,000 |
3 | PCL Construction Enterprises | 188,344,721 |
4 | EMJ Corp. | 164,437,662 |
5 | Weitz Co., The | 136,700,000 |
6 | Structure Tone | 97,500,000 |
7 | O’Neil Industries / W.E. O’Neil | 96,620,000 |
8 | Ryan Companies US | 92,895,680 |
9 | E.W. Howell | 79,395,000 |
10 | KBE Building Corp. | 70,365,040 |
Related Stories
Architects | Dec 1, 2017
The third wave of urban waterfront development
The nature of waterfront redevelopment has been evolutionary, in the truest sense of the word.
Multifamily Housing | Nov 29, 2017
First Porsche, now Aston Martin: Sports car maker co-develops Miami condo tower *UPDATED
The 391-unit Aston Martin Residences will feature seven penthouses and a duplex penthouse, all with private pools and terraces overlooking Biscayne Bay.
Industry Research | Nov 28, 2017
2018 outlook: Economists point to slowdown, AEC professionals say ‘no way’
Multifamily housing and senior living developments head the list of the hottest sectors heading into 2018, according a survey of 356 AEC professionals.
Multifamily Housing | Nov 28, 2017
Elementary school, daycare campus will serve Toronto’s skyrise neighborhood
The $65 million Canoe Landing Campus brings much needed social infrastructure to the 20,000 residents of Toronto’s CityPlace towers.
Architects | Nov 28, 2017
Adding value through integrated technology requires a human touch
To help strike that delicate balance between the human and the high-tech, we must first have an in-depth understanding of our client’s needs as well as a manufacturer’s capabilities.
Architects | Nov 17, 2017
How to leverage historic tax credits
About 90% of the time prospective clients are not aware of historic tax credits.
Sponsored | Architects | Nov 16, 2017
Growing your AEC firm through an exceptional client experience
Many small AEC firms don’t feel they have the time to focus and create clear marketing messages.
Multifamily Housing | Nov 15, 2017
6 noteworthy multifamily developments: artists housing, tech lofts, resort-style senior living
These recently completed projects represent emerging trends and design innovations in the multifamily sector.
Architects | Nov 9, 2017
AECOM and Van Alen Institute announce four Urban SOS® 2017 finalists with bold ideas for creating more equitable cities
Multidisciplinary student teams were challenged to redefine the traditional “hour city” radius, providing broader access to opportunity.
Multifamily Housing | Nov 8, 2017
No place like home: LA’s The Six provides permanent supportive housing for veterans
The 52-unit development gives hope and dignity to homeless or disabled veterans and others in need.