According to the quarterly United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest construction pipelines at the end of Q3 2022 are led by Marriott International with 1,385 projects/168,725 rooms. Following Marriott is Hilton Worldwide with 1,351 projects/152,383 rooms, and InterContinental Hotels Group (IHG) with 787 projects/79,382 rooms.
Combined, these three companies account for 66% of the projects and 64% of the rooms in the total pipeline. Each company has seen growth year-over-year.
These three franchise companies also have the most projects and rooms in each stage of the construction pipeline. Marriott leads with the greatest number of projects in the under construction stage with 259 projects/35,946 rooms, then Hilton with 248 projects/31,698 rooms, and IHG with 135 projects/15,688 rooms currently under construction.
At the close of the third quarter, Marriott also leads with the most projects scheduled to start construction in the next 12 months with 739 projects/87,626 rooms, followed by IHG with 484 projects/46,957 rooms, and Hilton with 333 projects/38,043 rooms.
Hilton set record high project and rooms counts in the early planning stage at the Q3 close, totaling 770 projects/82,642 rooms. Marriott currently has 387 projects/45,153 rooms in early planning and IHG closed the quarter with 168 projects/16,737 rooms in the early planning stage.
Hotel construction by brand
The brands of each of these companies with the largest number of projects in the pipeline at Q3 are Hilton’s Home2 Suites with 494 projects/50,809 rooms; IHG’s Holiday Inn Express with 297 projects/28,323; and Marriott’s TownePlace Suites with 291 projects/27,329 rooms. Other prominent brands in the pipeline for these franchise companies are the Hampton by Hilton brands with 281 projects/28,543 rooms; Marriott’s Fairfield Inn with 238 projects/21,988 rooms; and IHG’s Avid Hotel brand with 135 projects/11,445 rooms.
Through the end of the third quarter, Marriott opened 102 new hotels/12,908 rooms. Hilton opened 90 new hotels/10,834 rooms, and IHG opened 40 projects/4,120 rooms.
ALSO SEE: Top 115 Hotel Sector Architecture and AE Firms for 2022
LE analysts forecast Marriott will open the most new hotels in 2023 with 168 hotels/20,952 rooms. Next is Hilton with 136 new hotels/17,049 rooms, followed by IHG with 89 new hotels/9,588 rooms. In 2024, LE forecasts that Marriott will open 192 new hotels/22,815 rooms. Hilton is expected to open 154 new hotels/16,967 rooms and IHG is expected to open 142 new hotels/14,596 rooms.
Related Stories
Modular Building | Oct 12, 2018
DeSimone Consulting Engineers designs the tallest modular hotel in the United States
The hotel was originally designed as a cast-in-place concrete structure.
Mixed-Use | Oct 4, 2018
Four-story hotel and adjacent affordable housing community opens in California’s Sonoma County
Axis/GFA Architecture and Design was the architect for the project.
Reconstruction & Renovation | Aug 21, 2018
The massive facelift of New York’s famed Waldorf Astoria moves into Phase Two
The refurbished hotel will feature fewer, but larger, guest rooms.
Hotel Facilities | Aug 10, 2018
How hospitality design makes spaces of all types better for users
Responding to these shifting expectations, building owners and design teams working in other markets now regularly embrace leading ideas from the world of hospitality and infuse them into their projects.
Hotel Facilities | Aug 1, 2018
'Home away from home' is hoteliers' newest theme
Creating an experience, with the accent on local color, is flavoring hotel design.
Mixed-Use | Jul 17, 2018
Water Street Tampa’s developer reveals details about this project’s public spaces
This $3 billion waterfront neighborhood will also include three hotels.
Sponsored | Hotel Facilities | Jul 13, 2018
Hotel renovation: More than just minding the dust
Do you know the vital signs for avoiding moisture & mold problems? Will your brand standards cause you headaches? How will you recover costs if you do get into trouble?
Adaptive Reuse | Jul 9, 2018
Work, park, live: Inside Cincinnati’s parking garage turned lifestyle hotel
The Summit hotel and conference center is a converted parking garage that was once a factory.
Hotel Facilities | Jun 20, 2018
Zaha Hadid Architects-designed Morpheus Hotel includes world’s first free-form high-rise exoskeleton
The hotel provides 147, 860 sm of space across 42 floors.
| May 30, 2018
Accelerate Live! talk: An AEC giant’s roadmap for integrating design, manufacturing, and construction
In this 15-minute talk at BD+C’s Accelerate Live! conference (May 10, 2018, Chicago), Skender CEO Mark Skender and Chief Design Officer Tim Swanson present the construction giant’s vision for creating a manufacturing-minded, vertically-integrated design-manufacturing-build business model.
