August 10, 2016 – PORTSMOUTH, NH – 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.