U.S. hotel industry booming – More than 4,700 new hotels in development – Thousands new jobs in hospitality management
Hendersonville, Tennessee – 12 April 2017 –
STR’s March 2017 Pipeline Report shows 571,311 rooms in 4,721 hotel projects Under Contract in the United States. The total represents a 14.4% increase in the number of rooms Under Contract compared with March 2016.
Under Contract data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Unconfirmed stage.
In the In Construction stage, the U.S. reported 190,764 rooms in 1,449 projects. Based on the number of rooms, that is a 24.4% increase in year-over-year comparisons. … Read More