As reported in Lodging Econometrics (LE) fourth quarter US construction pipeline trends report for 2022, the franchise The companies with the largest construction projects at the end of the fourth quarter are led by Marriott International (Marriott) with 1,490 projects/180,113 rooms. It is followed by Hilton Worldwide (Hilton) with 1,378 projects/154,790 rooms and InterContinental Hotels Group (IHG) with 789 projects/78,951 rooms. Combined, these three companies represent 67% of the projects and 64% of the rooms in the total portfolio.At the end of the quarter, these top The companies also have the most projects and rooms in each stage of the US construction pipeline. Marriott ended the fourth quarter of 2022 with the highest number of projects in the construction phase with 266 projects/36,112 rooms, followed by Hilton with 252 projects/31,240 rooms and IHG with 141 projects/15,935 rooms currently under construction. As of the end of the fourth quarter, Marriott also leads with the most projects scheduled to break ground in the next 12 months with a record number of projects of 825 projects/97,176 rooms, followed by IHG with a count of 460 projects/44,255 rooms, and Hilton with 303 projects/35,695 rooms. Hilton closed the fourth quarter with a record number of projects and rooms in the early planning stage, with a total of 823 projects/87,855 rooms. Marriott currently has 399 projects/46,825 rooms in early planning and IHG closed the fourth quarter with 188 projects/18,761 rooms in early planning. The markings of each of these With the most projects in the pipeline in the fourth quarter are Home2 Suites by Hilton with a record number of projects and rooms of 521 projects/53,735 rooms; Marriott’s TownePlace Suites and Residence Inn brands also set project and room records in the fourth quarter with 320 projects/29,802 rooms and 258 projects/31,229 rooms, respectively. IHG’s Holiday Inn Express brand ended the quarter with 293 projects/27,817 rooms in the pipeline. Other notable brands in the pipeline for these franchise companies are the Hampton by Hilton brands with 280 projects/28,670 rooms; Marriott’s Fairfield Inn with 240 projects/21,887 ; and IHG’s Avid Hotel brand with 133 projects/11,195 rooms. For all of 2022, Marriott has opened 131 new hotels/16,643 rooms. Hilton opened 118 new hotels/13,916 rooms and IHG opened 57 new hotels/6,246 rooms. LE analysts expect Marriott to open the most new hotels in 2023 with 156 projects/19,755 rooms for a growth rate of 2.2%. This is followed by Hilton with 146 projects/17,290 rooms for a growth rate of 2.2%, followed by IHG with 90 projects/10,540 rooms for a growth rate of 2.5%. In 2024, LE forecasts that Marriott will open 193 projects/23,024 rooms. Hilton is expected to open 164 projects/18,639 rooms, and IHG is expected to open 124 projects/11,713 rooms.