U.S. hotel industrywide house profit reached $80 billion in 2018 even as labor costs increased at a higher rate than revenues.
Leading in the pipeline is Marriott International with 1,499 projects/196,771 rooms and Hilton Worldwide with 1,386 projects/154,349 rooms, both at all-time record highs. InterContinental Hotels Group (IHG) follows with 980 projects/99,115 rooms.
Canada's pipeline of rooms in construction fell 8.7% year over year, with 8,011 rooms in 63 hotel projects through April.
Although it may seem that a hotels value is fixed and determined solely by external forces, in actuality there are hundreds of opportunities to make adjustments that result in value enhancements.