STR: U.S. Hotel Construction Pipeline Up First Time Since Late 2020
HENDERSONVILLE, Tennessee—After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December, according to pipeline data from STR. At a market level, New York City, Phoenix, and Dallas are set to see the largest supply percentage increases from current construction. Among the chain scales, the Luxury and Upscale segments lead in that measurement. U.S. Hotel Pipeline December 2022 Percentage change in comparison with December 2021: In Construction: 159,344 rooms (up 0.3 percent) […]
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