IN THE COMPETITION to dominate the U.S. hotel industry, the development pipelines of Marriott International Inc. and Hilton Worldwide Holdings Inc. are running nearly neck and neck.
Lodging Econometrics reported on Nov. 9 Marriott has 1,380 projects or 181,900 rooms in some phase of construction, and Hilton Worldwide has 1,350 projects or 150,700 rooms.
Coming in third is InterContinental Hotels Group with 939 projects or 95,300 rooms in the construction pipeline.
“The construction pipelines for these three franchise companies comprise an impressive 68 percent of the total construction pipeline projects with Marriott and Hilton again setting all-time highs for their companies,” said Lodging Econometrics.
Although it’s in third place overall, IHG leads with the brand under most development – Holiday Inn Express at 422 hotels or 40,000 rooms. Next in line is Home2 Suites by Hilton with 401 projects or 42,000 rooms followed by Marriott’s Fairfield Inn with 284 hotels or 28,000 rooms.
“These three mid-market brands are so dominant that they alone account for 21 percent of the projects in the total construction pipeline,” said Lodging Econometrics.
The report notes “other significant brands” in the pipeline. They are:
Tru by Hilton – 302 projects or 29,250 rooms
Hampton Inn and Suites – 300 projects or 31,000 rooms
TownePlace Suites – 207 projects or 21,500 rooms
Residence Inn – 204 projects or 25,000 rooms
Staybridge Suites – 147 projects or 15,400 rooms
Avid Hotel – 142 projects or 13,200 rooms.
*Editor’s Note: On Nov. 19, the information was corrected to be specific to the U.S. Previously, the article incorrectly stated the figures were for the global industry.