The U.S. hotel industry has eclipsed 5 million available rooms for the first time, according to data from STR. The company’s June 2015 census shows 5,001,163 rooms in 53,554 properties nationwide. The industry plateaued at 4.5 million rooms in February 2008. In the 88 months following, the U.S. census grew by more than 5,600 rooms per month to reach its current high.
Strong fundamentals continue to attract investor interest. Revenue per available room in the United States has grown year-over-year for 64 consecutive months, said Amanda Hite, STR’s president and COO. “The rate of growth in the industry reflects the continued interest in the sector and its ability to generate return.”
The U.S. census reached 3 million rooms in June 1987 and 4 million rooms in March 1999.
