STR Reports US Hotel Pipeline for June 2014

According to the June 2014 STR Pipeline Report, there are 3,183 hotels totaling 383,527 rooms under contract in the United States.

This represents an 11.6% increase in the number of rooms under contract compared with June 2013, and a 39.1% increase in rooms under construction.

The rooms under contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

Among the Top 26 Markets, New York, New York, reported the most rooms under construction in June (14,049), a 26.1% increase over June 2013.

Three other markets reported more than 2,500 rooms under construction: Houston, Texas (4,530 rooms, up 166.6%); Miami/Hialeah, Florida (2,709 rooms, up 117.4%); and Anaheim/Santa Ana, California (2,604 rooms, up 178.5%).