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STR reports US hotel pipeline for June

July 17, 2014 Statistics & Trends No Comments Email Email

There are 3,183 hotels totaling 383,527 rooms under contract in the United States, according to the June 2014 STR Pipeline Report. This represents an 11.6-percent increase in the number of rooms under contract compared with June 2013 and a 39.1-percent increase in rooms under construction.

The rooms 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 June (14,049), a 26.1-percent increase over June 2013.  Three other markets reported more than 2,500 rooms under construction: Houston, Texas (4,530 rooms, up 166.6 percent); Miami/Hialeah, Florida (2,709 rooms, up 117.4 percent); and Anaheim/Santa Ana, California (2,604 rooms, up 178.5 percent).

Top 10 U.S. Markets by rooms in the In Construction phase

Market Existing Supply In Construction Year-over-year percent change (In Construction)
New York, New York 111,438 14,049 +26.1%
Houston, Texas 75,327 4,530 +166.6%
Miami/Hialeah, Florida 49,101 2,709 +117.4%
Anaheim/Santa Ana, California 54,257 2,604 +178.5%
Los Angeles/Long Beach, California 97,891 2,166 +1.6%
Washington, D.C. 107,184 2,140 -27.4%
Chicago, Illinois 109,526 2,128 +26.8%
Seattle, Washington 41,017 2,059 +396.1%
Dallas, Texas 78,368 1,781 +128.9%
Denver, Colorado 42,221 1,542 -7.9%

Source: STR

Note: Data through June 30, 2014

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