News Release
May 7, 2019
Home Sweet Hotel
Hospitality
Construction Trends in Central Florida
Lake
Mary, Florida – Central Florida is home to every major hotel
chain in the country and with
nearly 72 million visitors to Orlando each year, the construction
and renovation market for hospitality projects is hot. When a national hotel brand is looking to
expand there are many factors that go into selecting where to grow.
“A
growing trend with our hospitality clients, is their focus on dedicating more
square footage to community spaces that enhance the business travelers
experience.” Brian
Walsh, President and CEO of The Collage Companies.
According to Visit Florida
there are nearly 450,000
hotel rooms in the state.
The Orlando region (includes Sanford and Kissimmee) accounts for nearly
30% of the total rooms with over 125,000 according to the hospitality industry Global.
Hotel
development activity correlates directly with the ebbs and flows of
hotel-sector performance. Current statistics show that in 2017/ 2018, hotels in
the United States operated at the highest occupancy and average rates ever
recorded. (Source
Statistica)
“ Green
Building continues to be a growing trend for all the major hotel brands we work with. They
enjoy the double bottom-line benefit of LEED construction practices including
energy savings and a positive public response to staying at a hotel that is
environmentally responsible.” Rob
Maphis Vice President of Operations and COO at The Collage
Companies.
Visit Orlando reports that in
Central Florida, hotel demand is expected
to rise 2.8% in 2019, factoring in projected currently in the
pipeline to open in 2019 and 2020. Nearly 5,000 rooms are set to open in 2019. (Source
Visit Orlando). Nationally and over the past five years, the
Hotel Construction industry has grown by 7.4% to reach revenue of $16 billion
in 2018. (Source
IBIS World). Developers are pursuing hotel construction and
redevelopment projects at rate not seen since 2006 and 2007. Visit www.collage-usa.com for more information and
insights into the world of the hospitality construction industry in Central
Florida.
About
The Collage Companies is an
established integrated services firm with capabilities and expertise in Design
Build, Construction
Management, and General
Contracting. Collage
has served Florida and the southeast since 1982 from their headquarters in Lake
Mary, Florida. Values of open book communication, win-win conflict prevention
and integration of all team members, have resulted in a high percentage of
repeat clients and multiple award-winning projects in
both the public and private sectors. Collage pursues community–centric projects
with an emphasis on green buildings in the hospitality, religious,
transportation, education, government and parks and sports sectors
# # #
Contact:
pwyatt@collage-usa.com
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