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).
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