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06-28-21 | News

Hotel Construction

As the Pandemic Halted Travel Who Really Kept Building?

As the pandemic halted traveling, some builders continued on despite shortages, spikes in material costs, and closures. In 2020, Houston, Dallas, Atlanta, Nashville and Charlotte held the top five markets that opened the most hotels.

Travel was halted in March 2020. Ever since, travel enthusiasts have patiently awaited word to travel the globe once more, between high lumber costs, shortages of everything under the sun, and the shutdowns, hotel developers have been hit hard.

According to Hotel Business, the United States opened 833 projects by the end of 2020. The projects included 97,203 rooms and construction stands at 5,216 projects. Of the 833 projects, upscale and upper-midscale brands accounted for 68 percent of new openings and 63 percent of new rooms built.

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"Our greatest challenge is the ability to ship and deliver the product in a cost-effective and timely way, particularly ocean freight lanes and product between China and the West Coast of the U.S.," said Anu Saxena, head of Hilton Supply Management.

The top five brands with the most hotel openings in 2020 were Home2 Suites by Hilton, Holiday Inn Express, Tru by Hilton, Fairfield Inn, and TownePlace Suites. The Houston area opened the most hotels in one region during the pandemic.

https://www.hotelbusiness.com/hotel-construction-forecast-calls-for-growth-in-2021/
https://skift.com/2021/06/03/pace-of-u-s-hotel-development-is-being-threatened-by-global-shipping-bottlenecks/

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