Region overview: 1,700 hotels lined up for North America and the Caribbean
Moon Palace Punta Cana (imagery: © Palace Resorts)
The TOPHOTELPROJECTS construction database shows that there are currently 1,728 hotel schemes being progressed across this diverse region.
Throughout North America and the Caribbean, no fewer than 1,728 hotel projects with 364,882 rooms are already in the works, according to our research team. We take a closer look at the key facts and figures – and consider which developments should go on your watchlist.
Hotel openings by year in North America and the Caribbean
We’ve found that the remainder of 2021 will be busy for the region despite the ongoing Covid crisis, with 519 openings set to bring 107,077 rooms into play. Some 179 of these properties are already in the pre-opening phase.
In 2022, 470 projects and 96,475 keys are due for completion, but things will slow down slightly in 2023 with ‘only’ 220 launches and 48,479 rooms pencilled in as of now. The pipeline for 2024 and beyond looks healthy, incidentally, with 519 properties already on the books.
Of the 1,728 new hotels, the vast majority (1,303) are in the four-star segment; the remaining 425 fall into the five-star luxury category.
The US leads the field
The US tops our country-by-country rankings, with an impressive 1,532 hotels and 300,480 rooms on its development slate. This means that over 88% of all new hotel projects in the region are happening in the US alone.
Given these numbers, it’s no surprise that all three of the fastest growing urban hotel markets are in the Land of the Free. New York comes out ahead with 73 ongoing projects and 19,242 rooms, while LA will get 58 new hotels with 12,157 keys, and Atlanta is set to welcome 40 schemes with 8,701 rooms.
After the US, Canada is the next most active country in terms of hotel development, with 66 properties and 11,194 keys on the cards. Taking third spot is the Dominican Republic, where 29 properties with 19,967 rooms will launch – an impressive key count reflecting the fact that this relatively small nation is currently working on some massive projects.
Cuba (21 hotels and 5,383 keys) and Jamaica (ten properties and 11,779 rooms) also make the top five.
The region’s most active hotel brands
Hilton Worldwide is aggressively expanding in its home market and has two of its brands on our leaderboard. Hampton by Hilton will open 47 new properties with 5,751 rooms, followed by Home2 Suites by Hilton, which will grow its presence by 43 hotels and 5,203 keys.
Three new hotels to keep an eye on
Scheduled to reopen in early 2023, Rio Las Vegas is being renovated and rebranded to offer multiple Hyatt full-service offerings, including upper-upscale stalwart Hyatt Regency. Set only a mile from the famed Las Vegas Strip, the 2,510-room complex will boast modern gaming facilities, retail outlets, F&B venues, a spa and fitness area, a pool and recreation deck, and 20,000 sq m of meeting and function space.
Marriott Hotel and Convention Center Chula Vista Bayfront in Southern California, meanwhile, promises to be a welcome addition to Chula Vista Harbour. This 1,600-room hotel will open by mid-2023 as part of a mixed-use project, and boast retail stores, restaurant and bar / lounge spaces, a spa, recreational facilities, a pool with a lazy river, and bicycle and boat rentals. HKS Architects is helping bring this ambitious scheme to life.
Before then, in late 2022, the 3,350-room Moon Palace Punta Cana is due to open its doors in the Dominican Republic. This mega-project will be the first luxury all-inclusive Palace Resort in the country; Francois Frossard Design is working on both the architecture and interior design elements of the development. On top of 20 dining venues, nine bars, seven pools, a water park, an expansive spa and a casino, it’ll also offer a vast convention centre and an 18-hole golf course designed by Greg Norman.
Many TOPHOTELNEWS articles draw on exclusive information from the TOPHOTELPROJECTS construction database. This subscription-based product includes details of thousands of hotel projects around the world, along with the key decision-makers behind them. Please note, our data may differ from records held by other organisations. Generally, the database focuses on four- and five-star schemes of significant scale; tracks projects in either the vision, pre-planning, planning, under-construction, pre-opening or newly opened phase; and covers newbuilds, extensions, refurbishments and conversions.
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