Industry Update: STR’S U.S. HOTEL SUPPLY DEVELOPMENT UPDATE

The U.S. room construction total represented a 2.2% decrease compared with April 2017. The number of hotel rooms under construction in the U.S. has now declined in six of the last seven months. − April (-2.2%) − March (-2.4%) − February (-0.7%) − January (-1.6%) − December (-3.7%) − November (+0.6%) − October (-0.1%) At the time, the decrease in December was the largest year-over-year room construction decrease in the U.S. since September 2011 (-7.8%).

About STR
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.

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