According to STRís June 2016 Pipeline Report
there are 522,324
hotel rooms in 4,241 projects Under Contract in the United States.
total represents a 22.6% increase in the number of rooms Under
Contract compared with June 2015.
Under Contract data
includes projects in the In Construction, Final Planning and
Planning stages but does not include projects in the Unconfirmed
In the In Construction stage, the U.S. reported
166,397 rooms in 1,255 projects, a 29.3% increase in
Among the Chain Scale segments,
Upscale (57,371 rooms in 413 hotels) accounted for the most rooms
In Construction followed by Upper Midscale (52,245 rooms in 517
ďRoughly two-thirds of all hotel room construction
in the country falls under the select-service umbrella,Ē said
Bobby Bowers, STRís senior VP for operations. ďItís also no
surprise that the Upper Midscale and Upscale segments show the
largest numbers for the two planning phases. Select-service
projects remain the most popular, and we donít see that changing
anytime soon. And with supply continuing to increase, the focus
will be on whether demand can keep pace and how prices are
The Midscale segment (+62.2% to
6,613 rooms) reported the largest year-over-year percentage
increase in rooms In Construction.
Economy reported the
largest percentage increase for rooms Under Contract (+37.1% to
4,290 rooms) despite having the smallest overall number of rooms
in the pipeline.
ďAll of the segments showed pretty
significant year-over-year increases in construction activity, but
construction figures were actually down in four of the segments
when compared with May,Ē Bowers said.
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