U.S. Hotel Construction Pipeline Begins 2021 With 4,967 Projects/622,218 Rooms At Q1 Close


U.S. Hotel Construction Pipeline Begins 2021 With 4,967 Projects/622,218 Rooms At Q1 Close According to Lodging Econometrics' (LE's) Construction Pipeline Trend Report for the United States, the total U.S. construction pipeline stands at 4,967 projects/622,218 rooms at the end of Q1'21. While this is a slight dip in the pipeline year-over-year (YOY), it's not unexpected given the lockdown and travel restrictions over the past year. Further, the pipeline shows no signs of great decline compared to what occurred during the '08 and '09 recession. Actually, projects and rooms in the early planning stage are up significant YOY (stats on this below).

Tags: Travel, United States

Source:  http://www.hospitalitynet.org/news/154000320/4104187.html