TravelNewsAsia.com
Wed, 15 February 2017

575,907 Hotel Rooms in 4,763 Projects Under Contract in U.S.A.

According to STR’s January 2017 Pipeline Report, there are 575,907 hotel rooms in 4,763 projects Under Contract in the United States of America.

 The total represents a 16.1% increase in the number of rooms Under Contract compared with January 2016.

In the In Construction stage, the U.S. reported 190,301 rooms in 1,449 projects. Based on the number of rooms, that is a 27.3% increase in year-on-year comparisons.

“A little more than 31% of all U.S. hotel construction is occurring in 10 major markets,” said Bobby Bowers, STR’s senior VP of operations. “Consistent demand generators no doubt make these markets attractive for new development, but at the same time, several are seeing occupancy levels and pricing power pressured by the influx of new supply.”

Construction work

Among the Top 26 Markets, New York, New York, reported the most rooms Under Contract (29,132 rooms) and most rooms In Construction (15,607 rooms).

“New York’s construction amount accounts for 8% of all U.S. construction activity and almost 14% of that market’s existing supply,” Bowers said.

Three additional markets each reported more than 15,000 rooms Under Contract for the month: Dallas, Texas (18,463 rooms); Houston, Texas (17,693 rooms); and Los Angeles/Long Beach, California (16,338 rooms).

“The Super Bowl provided a nice performance boost, but Houston faces continued supply-based headwinds in the battle for improved operating performance,” Bowers said.

Two markets in addition to New York each reported more than 5,000 rooms In Construction: Dallas (7,228 rooms) and Los Angeles/Long Beach (6,070 rooms).

Three markets each reported fewer than 1,000 rooms In Construction: Minneapolis/St. Paul, Minnesota, Wisconsin (887 rooms); Norfolk/Virginia Beach, Virginia (456 rooms); and Oahu Island, Hawaii (180 rooms).

 Under Contract data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Unconfirmed stage.

See other recent news regarding: STR, Pipeline, ADR, RevPAR.

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of TravelNewsAsia.com asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com