In the first three quarters of 2021, the U.S. opened 665 new hotels with 85,306 rooms.
Many developers really do have a long term positive outlook on hotel development as projects in the early planning stage
Countries with the most projects in the construction pipeline are Saudi Arabia with 187 projects/67,193 rooms and the United Arab
Projects under construction are up 1%, YOY, standing at 934 projects/ 152,549 rooms. Projects scheduled to start construction in the
The largest brands for each of these companies are Marriott’s Fairfield Inn with 257 projects/25,051 rooms, Hilton’s Home2 Suites by
The five top markets with the most projects currently under construction are New York City with 111 projects/19,582 rooms, Atlanta
Following a nearly 16-month hiatus related to COVID-19 shutdowns, the first half of 2021 saw a substantial uptick in hotel
Los Angeles should continue its fast-paced growth. For the first half of the year, it ranked fifth of all markets
As the hotel construction pipeline remains strong in Europe, vaccination rates also continue to rise and European governments are beginning
Throughout the past four quarters, 56 new hotels/10,806 rooms opened in Latin America.