Jan. 25, 2016 – PORTSMOUTH, NH – According to the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. Hotel Construction Pipeline ended 2015 with 4,413 Projects/546,135 Rooms. This is the highest year-end total since 2008, but still below the 2007 cyclical high of 5,438 Projects/718,387 Rooms.
There are 1,312 projects currently Under Construction, up 226 projects or 21% Year-Over-Year (YOY). Projects scheduled to Start in the Next 12 Months, at 1,926 Projects, have shown significant increases, adding 575 projects and are up 43% YOY. Projects in Early Planning, with 1,175 projects, decreased by 33 projects and are down 3% YOY.
Also, according to a recent United States Transactions Trend Report, hotel transactions in 2015 hit an 8-year high. Last year there were a reported 1,575 individual hotel and portfolio transactions (excluding merger & acquisition activity), compared to 1,491 in 2014. The 1,575 hotel transactions in 2015 are still 28% lower than the peak of 2007 which had 2,178 transactions.