Marriott Boasts Largest Franchise in U.S. Construction Pipeline with 1,410 Projects Total
January 25, 2018 12:44pm
January 25, 2018 – PORTSMOUTH, NH – Marriott International currently has the largest construction pipeline of any franchise company in the U.S. with 1,410 Projects/180,647 Rooms. Their largest brands in the Total Pipeline are: Fairfield Inn with 303 Projects/29,051 Rooms, Residence Inn with 199 Projects/24,680 Rooms and TownePlace Suites with 208 Projects/21,299 Rooms.
Marriott has the most rooms currently Under Construction with 502 Projects/68,119 Rooms, which represents more than 1/3 of all Pipeline rooms Under Construction. Additionally, they have the most rooms Scheduled to Start Construction in the Next 12 Months with 668 Projects/83,993 Rooms. In Early Planning, Marriott has 240 Projects/28,535 Rooms, almost double the number of projects it had in this stage at the end of 2016.
Marriott is forecasted to opened 351 new hotels with 43,587 rooms in 2018, accounting for 31% of all new hotels anticipated to open this year. The Marriott brands with the largest number of new hotels expected to open by year-end are Fairfield Inn with 81 Hotels/7,739 Rooms and Towneplace Suites with 58 Hotels/5,774 Rooms.
Tags: lodging econometrics,
u.s. construction pipeline,
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
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