U.S. Construction Still Climbing

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. August 11, 2016

PORTSMOUTH, NH. August 11, 2016 - According to the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. Construction Pipeline ended Q2 2016 with 4,633 Projects/569,848 Rooms, up 15% by projects and 12 % by rooms Year-Over-Year (YOY). This is the 15th consecutive quarter of pipeline growth.

There are 1,381 Projects/184,167 Rooms currently Under Construction, up by 237 projects or 21%. Projects Scheduled to Start in the Next 12 Months, at 2,198 Projects/249,103 Rooms, are up 480 projects, 28%. Projects in Early Planning with 1,054 Projects/136,578 Rooms are down by 122 projects, a decrease of 10%. It is the third consecutive quarter where the project and room count in Early Planning has dropped.

About Lodging Econometrics

Lodging Econometrics (LE) is the lodging industry's leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients' business goals into timely opportunities.

Contact:
Emily Lloyd
[email protected]
+1 603.427.9544