Region overview: 1,700 hotels to open in North America and the Caribbean [Construction Report]

by | 18 Dec 2020 | Projects

Grand Hyatt Miami Beach is one of many landmark projects currently under construction in North America

When checking the TOPHOTELPROJECTS construction database, our researchers found that 1,737 hotels are in the works across North America and the Caribbean right now.

In the coming years, 1,737 hotels with 367,275 rooms will open across North America and the Caribbean. We take a closer look at these openings and highlight the ones to watch.

Busy years lie ahead

2021 will be a busy year in North America and the Caribbean as far as hotel openings are concerned. 840 launches are planned across this huge region, bringing a total of 165,379 keys into play.

2022 is looking a bit quieter, relatively speaking, with 355 projects and 78,558 keys in the pipeline. In 2023, things will slow down considerably, with only 109 properties and 26,981 rooms currently on the cards.

For 2024 and beyond, 433 hotels with 96,357 rooms have already been mooted, although many more are likely to be added as the months progress.

Of the 1,737 planned hotels, roughly 75% will be in the four-star sector. The remaining 25% will fall into the five-star category.

The US leads our rundown of national growth markets

Given its sheer size and global influence, it’s unsurprising that the US tops our list of national growth markets in the region. Here 1,527 hotels are going to bring 299,489 rooms to bear over the coming years.

Canada comes in a very distant second place with 69 projects and 11,321 keys, while the Dominican Republic takes third with 29 new properties and 21,564 rooms – many of which belong to one mega-project.

21 schemes with 5,383 rooms are underway in Cuba, while Jamaica will see ten hotels with an impressive 11,779 keys opening soon.

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Top urban growth markets

When looking at the vast number of new hotels opening in the US, it feels almost inevitable that the region’s key urban growth markets would all be located here.

New York comes in first with 66 hotels and 17,288 rooms still to be added to its already well-established hotel market. LA takes second place with 54 projects and 11,397 keys, with Atlanta completing the top three courtesy of its 45 properties and 9,646 rooms.

Further down the pecking order, Miami will get 36 additional hotels with 9,051 rooms, while Nashville has 33 schemes with 7,162 keys in the pipeline. Chicago’s hotel offering, meanwhile, will grow by 24 properties and 5,671 rooms, followed by San Francisco with 23 schemes and 3,800 keys.

Rounding out the top ten, Denver and Austin will both get 22 new hotels, and Orlando completes the list with 21 projects on its books.

Key hotel brands in the region

Hilton Worldwide and Marriott International are the key drivers moving the market forward in this region – collectively, they account for seven of the ten fastest growing brands.

However, Cambria Hotels comes out ahead overall with 77 upcoming openings and 10,410 additional rooms, according to figures provided by Choice Hotels International to TOPHOTELNEWS. Next up is Home2 Suites by Hilton, which boasts 53 ongoing projects and 6,378 keys, while Hampton by Hilton is close behind with 47 properties and 5,861 rooms.

Interestingly, both AC Hotels by Marriott and Aloft Hotels will launch 37 hotels, with Fairfield Inn & Suites by Marriott expanding by 36 properties. Hilton Garden Inn follows with 35 projects in the pipeline.

We also need to point out that Element Hotels and Hyatt will each add 31 hotels to their respective portfolios, while Hyatt Place will grow its footprint by 30 properties.

Noteworthy projects in North America and the Caribbean

In Nevada, the 1,166-room Hilton Resorts World Las Vegas is due to open by mid-2021 as part of a 3,500-key development that’ll also include LXR Resorts World Las Vegas and Conrad Resorts World Las Vegas. This project, which will cost nearly US$1 billion, is being developed by casino operator Genting Group. The property will boast a 5,000-capacity theatre, 350,000 sq ft of meeting and convention space, a 220,000 sq ft pool complex with seven unique pool experiences, a spa and fitness centre, an extensive collection of casual and fine-dining F&B concepts, and, of course, a casino.

In Florida, Grand Hyatt Miami Beach will welcome guests from Q3 2023, offering 800 luxurious rooms within walking distance of the beach. It’s expected to include two floors of meeting spaces and ballrooms that will complement the nearby convention centre, a resort-style pool deck with panoramic views, and retail space that will activate the district at street level. An elevated skybridge, moreover, will enable event attendees to move freely between the hotel and the convention centre.

On a similar theme, Omni Hotel Fort Lauderdale will be geared towards business guests attending events at the nearby Broward County Convention Centre. The hotel will boast 800 rooms and a vast amount of meeting space – including a spectacular waterfront ballroom. Guests will also have access to multiple F&B options including a rooftop bar, an 11,000 sq ft full-service spa and fitness centre, and over 30,000 sq ft of pool decks.

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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