Regional overview: 1,656 hotels in North America’s hotel pipeline [Construction Report]
Close to 350,000 new rooms are due to hit the North American hotel market soon. (Photo from Pexels by Lukas Kloeppel)
With 1,656 scheduled openings, North America’s hotel pipeline is looking as strong as ever with emerging destinations rapidly growing their offering.
With a pipeline of 1,656 new hotels set to add 347,325 rooms to the North American hotel market in the coming years, this region’s hospitality sector is booming.
We find out more about which countries will see the most growth and which properties to keep an eye on.
Ambitious plans for 2020
As in most other regions around the world, 2020 is looking highly promising for North America too. According to the TOPHOTELCONSTRUCTION database, 734 properties are scheduled to open in 2020 and will bring 148,734 rooms.
2021 is a lot calmer in comparison, with 410 planned openings and 78,211 rooms. 2022 has only 166 confirmed openings set to add 44,133 rooms to the market.
Little is going on in 2023 so far since only 45 new hotels are currently on the books. The way things are going now, this could easily change though. For 2024 and beyond, an extra 301 hotels with 63,239 rooms are planned.
Of the 1,656 confirmed hotels, 1,259 properties will be in the 4-star sector. The other quarter (437 hotels) will aim for 5-star certification.
Fastest-growing national hotel markets
Unsurprisingly, the USA head up the list of the top 10 countries in terms of hotel openings with 1,466 launches and 293,000 rooms planned for the coming years.
Canada follows in a very distant second place with 58 hotels and 9,362 rooms and the Dominican Republic comes in third with 28 hotels and impressive 11,955 rooms.
Cuba is in fourth place with 24 properties set to launch and offer growing numbers of inbound travellers more accommodation options. Jamaica comes next with 11 properties, followed by Puerto Rico with 8.
St. Lucia and the United States Virgin Islands will see 6 launches each while Grenada and Caicos Islands will get 5 each.
Top 10 fastest growing urban hotel markets
Given the numbers mentioned above, it might have been expected that all 10 fastest-growing urban hotel markets in North America are in the United States.
New York takes the lead with 65 planned openings and 16,632 new rooms, followed by Los Angeles with 40 hotels and 8,365 rooms and Atlanta with 39 properties and 8,369 rooms.
Nashville, Miami and Orlando will see 35, 33 and 27 respectively, while Chicago and Washington will have 21 and 19 launches.
Las Vegas and San Francisco close out the top 10 with 18 properties each, although Las Vegas boasts three times as many new rooms (21,679) as San Francisco (3,103).
Top 10 hotel brands expanding in North America
While Hilton Worldwide and Marriott International are the two major chains with the newest openings, some smaller companies have also made the list of the top 10 fastest-expanding hotel brands in North America.
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