Tuesday, May 17, 2016

U.S. hotel construction pipeline full, led by upscale property segment

STR’s April 2016 Pipeline Report shows 506,000 rooms in 4,125 projects under contract in the U.S. The total represents a 14.6% increase in the number of rooms under contract compared with April 2015.

Under contract data includes projects in the construction, final planning, and planning stages, but does not include projects in the unconfirmed stage.

In the construction stage, the U.S. reported 161,014 rooms in 1,241 projects, a 28.3% increase in year-over-year comparisons.

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