STR reports US hotel pipeline for September
 
STR reports US hotel pipeline for September
15 OCTOBER 2014 8:23 AM
There are 3,291 hotels totaling 395,078 rooms under contract in the U.S., according to the September 2014 STR Pipeline Report. 
HENDERSONVILLE, Tennessee—There are 3,291 hotels totaling 395,078 rooms Under Contract in the United States, according to the September 2014 STR Pipeline Report. This represents a 14.3-percent increase in the number of rooms Under Contract compared with September 2013 and a 34.5-percent increase in rooms under construction. The 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 September with 13,605 rooms, a 5.3-percent increase over September 2013. Four other markets reported more than 2,500 rooms under construction in September: Houston, Texas (4,504 rooms, up 143.6 percent); Washington, D.C. (3,036 rooms, up 5.9 percent); Chicago, Illinois (2,786 rooms, up 86.7 percent); and Miami-Hialeah, Florida (2,652 rooms, up 84.9 percent).



Media contacts:
 
Jeff Higley 
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318
 
 
Rachael Urie 
Director, Public Relations
rurie@str.com
+1 (615) 824-8664 ext. 3305 
 
 

No Comments

  • dandan October 15, 2014 10:06 AM

    There is a discrepancy from your 14.3% increase in properties under contract over September 2013 as reported in this article and the 18.5% as illustrated on Slide 35 for the Tennessee Business Travel Association Presentation given by Lindsay Culbreath on October 14. Which one is correct?

  • rach1283 October 16, 2014 8:39 AM

    Thank you for your comment. The correct year-over-year percent change for hotels Under Contract is 14.3%. Lindsay's presentation has been updated and re-posted to HNN. Please let me know if you have any further questions! Rachael Urie Director, Public Relations STR

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