STR’s hotel pipeline data for the U.S. showed 1,615 projects accounting for 208,807 rooms in construction as of the end of January 2020. This represented a 6.8% year-over-year increase in the number of rooms in the final phase of the development pipeline.
“The industry is now up to more than 208,000 rooms in construction, which is as close as the country has come to the prior end-of-month peak of 211,700 in December 2007,” said Bobby Bowers, STR’s senior VP of operations. “When looking at year-over-year growth and percentage of existing supply, the pipeline has remained pretty steady on a national level. However, the story remains the same with a disproportionate amount of activity in certain markets and the limited-service sectors.”