Hotel Construction Pipeline Surges to 5-Year High

Favorable economic conditions are continuing in the hotel construction sector.  Lodging Econometrics reports that Q3 had 3,516 projects consisting of 443,936 rooms. “The Pipeline has posted double-digit Year-Over-Year (YOY) increases for four consecutive quarters in both projects and rooms,” according to LodgingEconometrics.com. “In 3Q14, YOY increases are up 25 percent and 24 percent respectively, signaling a breakout into the expansion phase of the current real estate cycle which is likely to continue another two-to-three years.” The top markets for hotel construction in the U.S include New York, Houston, Washington, and Miami.

http://www.lodgingeconometrics.com/3q-2014-us-executive-summary/

 

About Susan Young

Susan Young Managing Editor & Curator News, PR, Social Media and Communications Professional President, http://www.getinfrontcommunications.com
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