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February 16, 2017 – PORTSMOUTH, NH – According to the year-end United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the Total Construction Pipeline ended 2016 with 4,960 Projects/598,688 Rooms, up 12% by projects and 10% by rooms Year-Over-Year (YOY). Q4 2016 is the 19th consecutive quarter of pipeline growth, since the cyclical bottom of 2,720 Projects/331,129 Rooms reported in Q1 2012.

At year-end, there were 1,520 Projects/196,409 Rooms Under Construction, up by 208 projects YOY or 16%. Projects Scheduled to Start in the Next 12 Months, at 2,392 Projects/268,843 Rooms, were up 466 projects, 24%. Projects in Early Planning at 1,048 Projects/133,436 Rooms were down by 127 projects or 11% as some projects are rapidly migrating up the Pipeline towards Construction in anticipation of future interest rate increases. Construction Starts in 2016 at 1,166 Projects/142,563 Rooms were at an 8-year high.

New Project Announcements into the Pipeline during 2015-16 were at the highest levels since 2008, while Conversions were at a 10-year high. Reflecting a modestly improving economy, overall pipeline growth has been moderately up-trending since early 2012. Economic indicators suggest that the Pipeline may continue to grow for at least another two years.

About Lodging Econometrics

Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities. 

Contact: Emily Dennison / +1 603.427.9544

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