Marriott Leads Among Franchises for Largest Construction Pipeline
Portsmouth, VA, May 10, 2018-The Marriott International construction pipeline currently has 1,383 projects/177,926 rooms, the largest of any franchise company in the U.S.
Its largest brands are: Fairfield Inn with 293 projects/28,418 rooms, TownePlace Suites with 206 projects/21,193 rooms and Residence Inn with 200 projects/24,978 rooms. These three brands comprise over 50% of Marriott’s total pipeline.
Marriott has 1/3 all rooms under construction in the U.S., with 502 projects/68,316 rooms currently in the ground. Additionally, they have 695 projects/86,761 rooms scheduled to start construction in the next 12 months and 186 projects/228,849 rooms in early planning.
Marriott is forecasted to opened 348 new hotels with 43,415 rooms in 2018, accounting for 31% of all new hotels anticipated to open this year. in 2019, Marriott is expected to open 348 projects/43,415 rooms.