Marriott Leads in Hotel Construction Investment
Portsmouth, NH, August 6, 2018--In Q2 of 2018, analysts at Lodging Econometrics report that the top franchise companies with the largest construction pipelines are: Marriott International with 1,351 projects/177,743 rooms, Hilton Worldwide with 1,327 projects/147,728 rooms, and InterContinental Hotels Group (IHG) with 932 projects/95,018 rooms. Development projects in these three franchise companies comprise 66% of total construction pipeline rooms.
The largest brands for each of these companies are Marriott’s Fairfield Inn with 284 projects/27,584 rooms, Hilton’s Home2 Suites by Hilton with 384 projects/40,240 rooms and IHG’s Holiday Inn Express with 430 projects/40,162 rooms. These three brands alone make up 17% of the total construction pipeline rooms.
Other high volume brands in the pipeline for each of these franchises are: Marriott’s TownePlace Suites with 201 projects/20,737 rooms and Residence Inn with 190 projects/23,443 rooms; Hilton’s Hampton Inn and Suites with 302 projects/30,700 rooms and Tru by Hilton with 298 projects/28,776 rooms; and IHG’s Staybridge Suites with 143 projects/15,206 rooms and Avid Hotel with 121 projects/11,187 rooms.