Region overview: 1,750 hotel projects on their way in North America [Construction Report]

by | 28 Aug 2020 | Projects

Our exclusive analysis of the TOPHOTELPROJECTS construction database indicates that approximately 1,750 new hotels are currently in the pipeline across North America, with cities like New York, LA and Atlanta leading the charge.

North America has long been a real heavyweight of the hotel development scene and it seems as though this remains the case in spite of Covid19, as our researchers report that 1,753 new properties spanning 370,841 rooms are currently in progress throughout the continent. We find out more about this ambitious pipeline.

Solid growth in the coming years

The data suggests that 2020 alone will see another 525 hotel openings before the year ends, adding 102,332 rooms to the region’s portfolio. For 2021, 570 more properties are on the cards, yielding 106,858 rooms in total, while 249 openings and 65,652 keys are planned for 2022.

Things will slow down considerably in 2023, which only has 66 confirmed projects with 15,698 rooms, although this number will no doubt rise as new schemes are added further down the line. 343 new hotels with 80,301 keys are on the books for 2024 and beyond.

Of the 1,753 new hotels, 1,305 will be in the four-star category while the five-star segment will grow by 448 properties.

Top growth markets in North America

Unsurprisingly, the US dominates the North American hotel development market with 1,548 projects and 304,874 rooms in its pipeline. Canada follows in a very distant second place with just 71 new hotels and 11,298 keys, while the Dominican Republic ranks third with 32 upcoming launches and 22,527 rooms.

As a rapidly growing tourism hotspot, Cuba lands in fourth place with 18 planned openings, and Jamaica is right behind with ten projects. Meanwhile, the tropical destinations of Aruba, Puerto Rico and Turks and Caicos Islands will each get seven new hotels, with St Lucia and Grenada welcoming six properties apiece.

Top ten urban hotel markets in North America

All ten of the cities with the highest number of live hotel projects are located in the US, which was perhaps to be expected given the exceptional volume of schemes in the pipeline across the country.

New York heads up the list with 68 openings and 17,810 extra rooms, while LA comes in second with 50 planned launches and 10,436 keys, and Atlanta completes the top three with 42 projects and 9,084 keys. Rounding out the top five, Miami will get 35 new hotels, while the country music capital of Nashville is adding 34 properties.

Elsewhere, Orlando and Chicago will both get 24 new hotels, Austin follows with 22 launches, and Indianapolis and San Francisco each have 21 projects on the books.

North America’s fastest-growing hotel brands

Not long after celebrating its 100th anniversary, Hilton is continuing to expand rapidly in its home market, and several of its flags crop up on our list of the region’s fastest-growing brands. Indeed, Home2 Suites by Hilton and Hampton by Hilton claim the top two spots overall with 69 and 55 projects respectively.

Cambria Hotels is also growing its offering quite substantially with 44 new hotels in the works. Marriott International’s Aloft Hotels will expand its portfolio by 41 properties, meanwhile, followed by Fairfield Inn & Suites by Marriott which is working on 37 projects.

Not to be overlooked, however, Hyatt Place has 36 separate hotels in its pipeline, and AC Hotels & Resorts is right on its heels with 35 projects. Rounding out the top ten, Hilton Garden Inn and Hyatt House will both launch 34 properties and Element Hotels has 32 ongoing projects.

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Top hotel projects in North America

Ushering in a new era of world-class hospitality, The Drew Las Vegas will introduce the Edition brand to Sin City while also incorporating the Strip’s first JW Marriott and a Reserve by Drew property upon its completion in late 2022. This resort, the largest North American project in the database, will feature 3,780 rooms and suites as well as over 46,000 sq m of convention and meeting space. The Drew Las Vegas will also be home to a broad entertainment offering including a casino, nightclubs, retail and dining venues.

In the very same city, the 3,500-room Resorts World Las Vegas development will include three hotels managed by Hilton Worldwide under the Hilton Hotels & Resorts, LXR and Conrad brands. Guests will have access to the resort’s premier facilities, including a 5,000-capacity state-of-the-art theatre, over 32,500 sq m of meeting and convention space, a 20,400 sq m pool complex with seven unique pool experiences, a spa and fitness centre and an extensive collection of casual and fine-dining F&B concepts.

Over on the east coast, the 800-key Grand Hyatt Miami Beach will welcome guests from Q3 2023 and boast a perfect location within walking distance of the beachfront, Lincoln Road Mall, the New World Symphony and The Bass Museum. The hotel’s features are expected to include two floors of meeting spaces and ballrooms that will complement the adjacent convention centre, a resort-style pool deck with panoramic views, and retail spaces at street level. Moreover, an elevated skybridge will enable event attendees to move freely between the hotel and the convention centre in a climate-controlled, art-filled corridor.

Finally, the new 800-room Omni project in Fort Lauderdale will add nearly 50,000 sq m of meeting space to the existing Broward County Convention Center when it’s completed in Q2 2023. Apart from this, the 29-story Omni Hotel will feature multiple restaurant options including a rooftop bar, a full-service spa and fitness centre, and over 2,700 sq m of pool decks. The property will be prominently positioned along the destination’s famed Intracoastal Waterway with scenic views over the Atlantic Ocean.

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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