Building on guest room trends
Tennessee-based market data analysis firm STR said in its July 2016 Pipeline Report that nearly 530,000 U.S. hotel rooms currently are under contract as part of 4,322 building projects. That figure is up nearly 23 percent over July 2015. Of those rooms, more than 171,000 are actually under construction.
The markets currently seeing the largest numbers of guest rooms under construction are New York City (15,770 rooms),
Los Angeles/Long Beach (5,633), and Dallas (5,562). The St.Louis–southwestern Illinois metro area has fewer than 1,000 rooms under construction. For more information visit str.com