This has been a busy summer for the global hospitality industry, with many worldwide pipelines boasting robust and healthy numbers for expansions.
Industry experts have theorized that the roots of this industry growth happening today in 2017 can be traced back to the economic recession in 2009, during which property in expensive and prohibitive markets dropped in price, making it easier for developers to secure the sites upon which they are now preparing to open hotels. As the average hotel takes many years to plan, design, and ultimately build, this thinking makes a good deal of sense.
Information from the TOPHOTELPROJECTS definitely paints a picture of a booming global hospitality industry, one in which nearly every region—the Americas, Europe, Africa, the Middle East, and Asia Pacific—are demonstrating increased growth numbers over this time last year.
Unsurprisingly, the leading region is the Americas, where 65 hotel projects are slated to open their doors in August 2017. This ranking is being led by the United States, where a number of robust pipelines has led to the country ushering in 43 new hotel projects this month, which puts that country alone even with the entire region of Europe, and ahead of the Africa and Middle East regions. The United States five healthiest civic pipelines—New York City, Los Angeles, Houston, Dallas and Nashville—are comprised of a diverse set of assets that make them exceedingly attractive to tourists and business travelers alike, which in turn makes them destinations for hotel operators looking to expand into vibrant markets that represent solid investments.
China is the second most prolific country in terms of opening new hotels in August 2017, with its 21 projects ranking it at slightly less the total found in the United States. Perhaps unsurprisingly, this boosts the Asia Pacific region into becoming the second most active region for new hotel openings in August 2017 with a grand total of 54. Germany comes in third overall with 18 projects, helping to places its overall region, Europe, at third on the list.
What’s perhaps most surprising is that the single brand that has the most new properties opening this month is Hilton Garden Inn, with nine total projects making their debuts.
Worldwide, August 2017 will see a total of 211 projects opening with 44,349 rooms, a fitting end to a summer in which June and July also had very active pipelines. Industry insiders say they are hopeful that this level of growth will continue on into September.
August will see the following Hotel Openings:
Les Villages Nature de Val d’Europe (« Villages Nature »). The Villages Nature site is located 6 Km south of Disneyland Paris, north of the Brie Forest (in French: Brie Boisée), in Seineet-Marne. This project, which could span up to 500 hectares.
The property will be set in a prime location on the north eastern coast of Sa’adiyat Island. The hotel will comprise several guest rooms, including spa suites, presidential suites and private high-end villas.
More information on hotel projects can be found on TOPHOTELPROJECTS, the specialized service provider in the exchange of cutting-edge information of hotel construction in the international hospitality industry.