Upper upscale hotels, the property types most associated with business travel, are well represented in the U.S. development pipeline. The volume of projects in the segment points to confidence in the future of business travel, according to STR.
Hotel pipeline down globally, except for Middle East & Africa
Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the third quarter, according to September 2022 data from STR.
The Americas and Asia Pacific regions show increased hotel pipeline activity
Two of the four world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the first quarter.
Europe and APAC show increased hotel pipeline activity
Two of the four world regions, Europe and Asia Pacific, showed an increase in hotel pipeline activity at the end of the third quarter.
New York City on track for surge of new hotel rooms
New York City is well ahead of all other U.S. markets in hotel rooms under construction and projected openings for the remainder of 2021.
Europe’s hotel construction pipeline increased by 2%
Rooms under construction are at an all-time high of 967 projects/157,833 rooms.
Strong growth for Hyatt lifestyle brands
New Alila, Hyatt Centric, and Thompson Hotels properties represent Hyatt’s commitment to growing with intent in key markets.
STR: U.S. Hotel Construction Up 5.5% In October
STR’s hotel pipeline data for the U.S. showed 1,563 projects accounting for 205,299 rooms in construction as of October 2019. This represented a 5.5% year-over-year increase in the number of rooms in the final phase of the development pipeline.
Hampton by Hilton boasts largest pipeline in brand history
With more than 640 hotels in development, Hampton’s pipeline is currently the largest in brand history and the largest within the Hilton enterprise. @HamptonByHilton
Australia’s hotel industry set for ‘room boom’
This year saw Australia pass the 100,000 room mark and it is forecast that over 4000 rooms will be added in 2017, and 5000 rooms in 2018
