Seattle Faces Hotel Room Surge in 2018

Developers are expanding Seattle's hotel stock — over 2,000 rooms will deliver in the next two years alone. Can demand keep up?

MG2 principal Ron Mitchell said the hospitality industry in the Seattle region will continue growing steadily in 2017 and beyond. “The current demand is strong with occupancy running at an average of 85%. With the thousands of rooms currently under construction, or in planning, we are projected to have 22,600 rooms by 2021.” That will not be a problem for the market, he said. “Demand will continue to increase and should not outpace supply. Seattle’s economic fundamentals are strong, which will fuel demand. International travel to our region has increased yearly at 14%-plus, and with the addition to the convention center, we will add about $240M in visitor spending annually.”

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