According to the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. construction pipeline ended Q2 2016 with 4,633 projects/569,848 rooms, up 15 percent by projects and 12 percent by rooms year-over-year (YOY). This is the 15th consecutive quarter of pipeline growth.
There are 1,381 projects/184,167 rooms currently under construction, up by 237 projects or 21 percent. Projects scheduled to start in the next 12 months, at 2,198 projects/249,103 rooms, are up 480 projects, 28 percent. Projects in early planning with 1,054 projects/136,578 rooms are down by 122 projects, a decrease of 10 percent. It is the third consecutive quarter where the project and room count in early planning has dropped.