Tag: construction
January’s Hotel Construction Up 6.8 Percent Over Last Year
HENDERSONVILLE, Tenn. — As of the end of January 2020, STR's data showed 1,615 projects accounting for 208,807 rooms in the U.S. hotel construction pipeline—a 6.8 percent year-over-year increase in the number of rooms in the final phase of the development pipeline.
“The industry is now up to more than 208,000 rooms in construction, which is as close as the...
Marriott’s Hotel Pipeline Reaches an All-Time High
PORTSMOUTH, N.H. — Marriott International's hotel construction pipeline has reached an all-time high with 1,579 projects/207,906 rooms—the largest of any franchise company, according to Lodging Econometrics' year-end report for 2019. Hilton Worldwide and InterContinental Hotels Group (IHG) followed with 1,370 projects/152,832 rooms and 943 projects/96,725 rooms, respectively. These three franchise companies accounted for 68 percent of the hotel projects...
Los Angeles Has the Country’s Largest Hotel Construction Pipeline
PORTSMOUTH, N.H. — In the most recent Lodging Econometrics (LE) Construction Pipeline Trend report on Los Angeles, LE reported that Los Angeles has a total of 168 hotel projects totaling 28,501 rooms in its construction pipeline, making the market's hotel pipeline the largest in the United States.
Of this total, 46 projects/7,064 rooms are presently under construction, 56 projects/9,199 rooms...
U.S. Hotel Construction Pipeline Ends 2019 on a High Note
PORTSMOUTH, N.H. — At the close of 2019, the total U.S. hotel construction pipeline continued to grow with 5,748 projects totaling 708,898 rooms, up 4 percent by projects and 6 percent by rooms year-over-year (YOY), according to analysts at Lodging Econometrics (LE). The pipeline has now completed its eighth consecutive year of growth. These year-end counts are just 135...
STR: Upscale Brands Lead U.S. Hotel Construction in October
U.S. Markets With the Most Rooms Under Construction
October 2019
1. New York
13,801 rooms (10.9 percent of existing supply)
2. Las Vegas
9,259 rooms (5.6 percent of existing supply)
3. Orlando
7,322 rooms (5.7 percent of existing supply)
4. Nashville
6,770 rooms (14.5 percent of existing supply)
5. Los Angeles/Long Beach
6,111 rooms (5.8 percent of existing supply)
6. Dallas
5,709 (6.1 percent of existing supply)
Hendersonville, Tenn. — STR’s...