financeHospitalityNet··1 min·For: Owner, Investor, GM, Revenue
US Hotel Construction Declines for 15th Consecutive Month
U.S. hotel construction volume has declined for 15 straight months, with rooms in the final planning and planning stages also seeing significant year-over-year drops.
Key Takeaways
- 1Monitor the 15-month downward trend in construction volume, which saw a 5.4% year-over-year decrease to 136,990 rooms.
- 2Anticipate supply growth in the Luxury segment, which currently leads in percentage-based expansion at 4.5% of existing supply.
- 3Focus on select-service categories as Upper Midscale and Upscale segments continue to dominate total room counts in the pipeline.
Source: HospitalityNet
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