Extended Stay Accounts for 27% of Under-Construction Projects

Portsmouth, NH, February 5, 2018-According to recent reports from Lodging Econometrics, 1,370 projects/143,344 rooms in the U.S. construction pipeline are extended-stay projects.

Of these, 424 projects/46,551 rooms are under construction, accounting for 27% of all projects under construction in the total pipeline. Additionally, 605 projects/64,121rooms are scheduled to start construction in the next 12 months while an additional 341 projects/32,672 rooms are in early planning.

Home2 Suites by Hilton currently has the largest extended-stay pipeline with 355 projects/37,188 rooms. The second largest brand is Marriott's Towneplace Suites with 208 projects/21,299 rooms, followed by its Residence Inn brand with 199 projects/24,680 rooms.

In 2017, 239 extended-stay hotels with 26,586 rooms opened in the U.S. By the end of 2018, 332 projects/35,167 rooms are expected to open in the U.S., with another 332 projects/35,829 rooms in 2019.