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March 28, 2024
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11 Hotel Locations in WoodSpring Suites in 2022

About WoodSpring Suites

WoodSpring Suites is a hotel chain which specializes in providing comfortable extended-stay lodging for business and leisure travelers. The company operates hotels with kitchens and suites that are designed to be a home away from home for guests on long-term stays or those who just need a temporary place to stay. It operates in the extended-stay market segment.

Recently, WoodSpring Suites released its Top 11 Hotel Locations in WoodSpring Suites in 2022 report. It then ranked the top markets and locations for growth of planned new hotels from 2018 to 2022. Thus, this report could be a useful guide for investors who want to invest in the hotel industry.

Why Choose WoodSpring Suites:

WoodSpring Suites is a hotel chain that specializing in providing comfortable extended-stay lodging for business and leisure travelers. It has more than 100 hotels located in the United States of North America, Mexico, Japan, and Canada. Its hotels are designed to be a home away from home for guests on long-term stays or those who just need a temporary place to stay.

WoodSpring Suites has a vast number of hotels under construction. It is the second third-best hotel chain with the highest number of hotels under construction, right after Choice Hotels International. In 2017, WoodSpring Suites had a total of 10,945 rooms in its system at the end of the year. The total number of rooms were either opened or were under construction and will be available by 2022. Thus, it was natural to see WoodSpring Suites releasing a report on the Top 11 Hotel Locations in WoodSpring Suites in 2022.

Key Takeaways:

There are a total of 11 hotels in WoodSpring Suites system as of the end of 2017. The number should grow to 13 or 14 by 2022. The growth in number of rooms will be because: (1) more rooms will be available for use; and (2) more rooms will be under construction.

Which Locations are Going to Grow:

There are a total of 11 hotels under construction in WoodSpring Suites system as of the end of 2017. The number of rooms under construction will be 10,374.

The Top 11 Hotel Locations in WoodSpring Suites in 2022 report will thus be a useful guide for investors who want to invest in the hotel industry. It ranks the top markets and locations for growth of planned new hotels from 2018 to 2022.

How Does WoodSpring Suites Rank?

The Top 11 Hotel Locations in WoodSpring Suites in 2022 report ranks WoodSpring Suites as the second-best hotel chain with the highest number of hotels under construction. The number of hotels under construction is 10,374. This is right behind Choice Hotels International with 17,672 rooms under construction as of the end of 2017. Choice Hotels has a total of 25,876 rooms in its system as of the same date.

The report also ranks WoodSpring Suites as the second-best hotel chain with the highest number of rooms in its system. The total number of rooms under WoodSpring Suites system is 13,872 as of the end of 2017. This is right behind Marriott International (16,428). Both hotel chains have a total of 18,472 rooms in their systems as of the same date.

How Does WoodSpring Suites Rank in Terms of Rooms and GVA?

The report ranks WoodSpring Suites as the second best hotel chain with the highest number of rooms. The total number of rooms under this hotel chain is 13,872. Within the same year, Marriott International had 16,428 rooms as of the end of 2017. WoodSpring Suites has nearly three times more rooms than Marriott International by 2022.

The report ranks WoodSpring Suites as the second best hotel chain with the highest GVA. The total amount of GVA of all rooms under this hotel chain is $151,000,000. Within the same year, Marriott International had $135,100,000. WoodSpring Suites has nearly 42% more GVA than Marriott International by 2022.

WoodSpring Suites also has outstanding growth in terms of GVA. It has an average rate of growth at 7%. This is higher than most hotel chains, including Aéria Hotels & Resorts and Wyndham Hotels & Resorts. WoodSpring Suites has a relative increase of seven times more GVA than Wyndham Hotel & Resorts in 2022.

Conclusion:

WoodSpring Suites is indeed an outstanding investment opportunity. It has a vast number of hotels under construction. This means investors should expect to see more room availability in the future. It also means that WoodSpring Suites has more chances to grow its business, which will positively impact earnings. The Top 11 Hotel Locations in WoodSpring Suites in 2022 report is also a good guide for investors who want to invest in hotel stocks.

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