U.S. hotel pipeline up year-over-year, doing well

Extended-stay hotels such as the TownePlace Suites Gainesville Northwest* in Gainesville, Florida, continue to enjoy robust demand levels. /Photo- Marriott International

By Roland Murphy for Arizona Builder’s Exchange

Even though hotels across the country aren’t quite feeling optimistic enough about the market to raise prices much at the moment, the pipeline for the sector is showing respectable growth.

According to the September 2017 Pipeline Report from specialty data and analytics firm STR, nationwide there are more than 585,000 rooms in nearly 4,900 hotel projects under contract, a 6.6 percent increase in rooms under contract from Sept. 2016.

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