PORTSMOUTH, NH—According to the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. hotel construction pipeline ended Q1 2016 with 4,471 projects and 551,965 rooms, up 15% by projects and 13% by rooms year-over-year. This is the 14th consecutive quarter of pipeline growth.
There are 1,356 projects (174,996 rooms) currently under construction, up by 239 projects or 21%. Projects scheduled to start in the next 12 months, at 2,047 projects (234,638 rooms), are up 448 projects, or 28%. Projects in early planning, with 1,068 projects (142,331 rooms), are down by 101 projects, a decrease of 9%. It is the second consecutive quarter where the project and room count in early planning has dropped.