Region overview: Over 2,000 hotels to open across the Americas [Construction Report]
Our research reveals that 2,207 hotels are in the pipeline throughout the Americas and shows which companies are driving this growth.
As home to many of the world’s largest hotel groups, the Americas are known for contributing a disproportionately high number of new properties to the global count, and the latest figures suggest 2020 will be no different despite the current uncertainty around the coronavirus pandemic. Our data shows that 2,207 extra hotels will open across the Americas over the coming years, bringing with them an astonishing 458,695 additional rooms.
Busy times ahead for the Americas’ hotel market
The second half of 2020 looks rather hectic on paper with 775 hotels and 147,316 rooms slated to launch before the year runs out, according to the TOPHOTELPROJECTS construction database. However, due to the current situation around Covid19 unfolding dynamically, it’s impossible to say for certain how many projects will be completed on schedule – some of these may end up being pushed back if the situation deteriorates on the ground.
Even without spillover from delayed openings, though, 2021 is shaping up to be a strong year for the hotel market in the Americas with 648 openings and 124,522 new rooms.
Things seem to slow down as we reach 2022, which currently has a pipeline of 284 properties with 74,534 keys. Similarly, only 87 hotels are scheduled to launch in 2023 as of now, but this number will likely grow in the intervening period. For 2024 and beyond, 371 hotels with 86,606 rooms are on the books.
Of the 2,165 planned new hotels, 1,548 will be in the 4-star segment while the remaining 617 fall into the 5-star category.
North and South
When appraising the Americas as a whole, the split between North and South America looks rather uneven admittedly, with North America boasting a pipeline of 1,911 hotels in our database and South America gearing up for just 254 openings.
Given these numbers, it’s unsurprising that the US is the fastest growing national hotel market with 1,566 planned hotels and 109,063 rooms. Mexico follows in the rankings in a very distant second place with 137 new hotels and 34,608 rooms, while Brazil completes the top three with 79 launches and 16,868 keys.
Canada, Argentina and Colombia come next with 59, 45 and 34 openings respectively. The Dominican Republic, Chile, Peru and Cuba complete the top ten with 31, 26, 22 and 20 launches each. However, it’s worth stating that while the Dominican Republic only ranks seventh in terms of openings, the Caribbean nation actually jumps to third when going by room numbers due to the fact that it has several huge projects in the works.
Top 10 urban growth markets in the Americas
Considering America’s robust pipeline, it was almost to be expected that all ten of the fastest growing cities would be in the US.
New York heads the list in the database with a 68-strong project pipeline adding 17,810 rooms to the city’s offering. LA comes in second with 50 planned openings and 10,436 new rooms, ahead of Atlanta in third place with 43 upcoming launches and 9,309 keys.
Miami, Nashville and Orlando follow with 36, 30 and 23 projects respectively. Chicago, Indianapolis and San Francisco are each getting 21 new hotels, but the Windy City just edges it in terms of new room counts. Las Vegas completes the list with just 20 openings but 18,494 rooms – remarkably, more than any other city in the top ten.
Top hotel brands expanding in the Americas
But which are the Americas’ top hotel brands in terms of number of active projects? Well, Cambria Hotels will grow by 86 hotels and 11,427 rooms, according to figures provided by Choice Hotels International. Virginia-headquartered hospitality company Hilton Worldwide is also expanding rapidly at the moment; our database shows that Home2 Suites by Hilton will open 73 hotels with 8,192 rooms, Hampton by Hilton boasts 70 projects with 8,673 rooms in its pipeline, and Hilton Garden Inn has 46 upcoming openings that will yield 6,965 rooms.
Elsewhere, Hyatt Place and aloft Hotels will both add 43 properties to their portfolios, AC Hotels by Marriott will open 39 new locations and Fairfield Inn & Suites by Marriott will launch 36 hotels. And not to be overlooked, Marriott Hotels & Resorts and Courtyard by Marriott will each get 34 new hotels.
Noteworthy hotel projects across the Americas
The Americas are home to some of the world’s most striking hotel developments.
In terms of the biggest schemes in our database, look no further than Wynn Hotels & Resorts, which is planning to build a 9,000-room resort in Punta Cana, a popular beachside destination in the Dominican Republic. This mammoth project is slated to be completed in 2024 and features several stay options, a large variety of F&B venues, as well as a wealth of leisure and recreational activities.
Also worth mentioning is a large project in one of Mexico’s top beachside destinations, which is currently getting ready to launch in Q4 2020. The 898-room Hotel Planet Hollywood Cancun will welcome guests to the brand’s typical movie-themed grounds, complete with countless dining and entertainment options designed to make every stay unforgettable.
Last but not least, Austin Marriott Downtown will feature 613 rooms with spectacular views of the University of Texas campus, the State Capitol and Downtown Austin’s skyline when it opens in September 2020. The hotel will have expansive meeting, exhibit and entertainment spaces, three bars and a street-level full-service restaurant, while the seventh-floor pool deck will feature private cabanas plus private seating areas with individual fire pits. As if all that wasn’t enough, the M Club will also have its own private outdoor terrace for VIP guests.