Construction Pipeline U.S.

U.S. Hotel Construction Pipeline for June 2014 Up 11.6% over 2013

Among the Top 26 Markets, New York, New York, reported the most rooms under construction in June (14,049), a 26.1-percent increase over June 2013.

Smith Travel Research

There are 3,183 hotels totaling 383,527 rooms under contract in the United States, according to the June 2014 STR Pipeline Report. This represents an 11.6-percent increase in the number of rooms under contract compared with June 2013 and a 39.1-percent increase in rooms under construction. The rooms under contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. 

Among the Top 26 Markets, New York, New York, reported the most rooms under construction in June (14,049), a 26.1-percent increase over June 2013.  Three other markets reported more than 2,500 rooms under construction: Houston, Texas (4,530 rooms, up 166.6 percent); Miami/Hialeah, Florida (2,709 rooms, up 117.4 percent); and Anaheim/Santa Ana, California (2,604 rooms, up 178.5 percent). 

Top 10 U.S. Markets by rooms in the In Construction phase

Market

Existing Supply

In Construction

Year-over-year percent change (In Construction)

New York, New York

111,438

14,049

+26.1%

Houston, Texas

75,327

4,530

+166.6%

Miami/Hialeah, Florida

49,101

2,709

+117.4%

Anaheim/Santa Ana, California

54,257

2,604

+178.5%

Los Angeles/Long Beach, California

97,891

2,166

+1.6%

Washington, D.C.

107,184

2,140

-27.4%

Chicago, Illinois

109,526

2,128

+26.8%

Seattle, Washington

41,017

2,059

+396.1%

Dallas, Texas

78,368

1,781

+128.9%

Denver, Colorado

42,221

1,542

-7.9%

Source: STR

Note: Data through June 30, 2014

About STR

STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC and HotelNewsNow.com. For more information, please visit www.str.com.



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