Americas’ hotel pipeline will see 1,840 projects by 2023 [Download presentation]
TOPHOTELPROJECTS Founder & CEO Rolf W. Schmidt at TOPHOTELWORLDTOUR Los Angeles. Photo by Rahul Venkit
TOPHOTELPROJECTS Founder & CEO Rolf W. Schmidt tells delegates at TOPHOTELWORLDTOUR Los Angeles the Americas’ hotel pipeline will yield 389,902 rooms in 4 years.
For the investors and hotel owners who operate in the Western Hemisphere, there is cause to celebrate, as a new report indicates that the market in the Americas is undergoing a major boom.
This was the main takeaway of a report presented by TOPHOTELPROJECTS Founder and CEO Rolf W. Schmidt at the TOPHOTELWORLDTOUR Los Angeles, held at Hotel Indigo Downtown Los Angeles on May 13th, 2019.
During that event, Schmidt presented a new report with figures which show dynamic and booming hospitality markets in both North and South America.
The two continents boast 1,840 total projects in their pipelines with 389,902 rooms, all of which are to be completed by 2023.
North America heads the pack
North America is currently leading the way in the Western Hemisphere, powered by a tourism market which is among the healthiest in the world.
The Americas themselves welcome 207 million visitors during the calendar year, placing them third in the world behind the Asia Pacific tourism market and Europe.
While North America will welcome the majority of these visitors, South America’s tourism rates are on the rise, too which is great news for both continents.
The United States is unsurprisingly leading the way in the region, with a massive 1,316 projects coming in the next four years, which will yield a total of 267,844 new rooms for guests.
This places the US in the international lead, outpacing the second largest market China, which has 1,072 hotels yielding 260,192 rooms coming soon.
Key countries, brands, and cities
The United States, Mexico, and Argentina are at the forefront of the hospitality market in the Americas.
In 2020 alone, the US will see 491 new hotel openings, while Mexico will have 39, and Argentina will have 17. The year 2020 is currently slated to be the busiest for the Americas, with 491 projects set to open, yielding 109,962 rooms.
According to the report, the top two cities in which the U.S. are experiencing the most growth are New York City and Los Angeles, respectively. A bit more surprising is the third-place finisher, which is the upstart market Nashville.
To put this in perspective, New York is set to welcome 63 projects and 14,655 rooms, Los Angeles 42 projects and 8,492 rooms, and Nashville 33 projects and 7,098 rooms.
So while Nashville is certainly growing, it poses no major threat to the two biggest cities in the United States just yet.
Meanwhile, the most prominent brands in the Americas’ project pipeline are Hampton Inn, Home2 Suites by Hilton and Aloft Hotels.
Rolf W. Schmidt made his Americas hotel pipeline presentation at TOPHOTELWORLDTOUR Los Angeles. To attend, address or sponsor future TOPHOTELWORLDTOUR events around the world, contact TOPHOTELPROJECTS Head of Global Events & Conferences Kayley van der Velde.
GET YOUR FREE REPORT
Download the latest presentation of Rolf W. Schmidt about the Americas region.
About the Event
TOPHOTELWORLDTOUR is a series of top-level personal networking conferences, bringing together the who’s who of the local, regional and international hospitality industry.
Best Stories for you