New York drives US hotel construction boom
The number of hotels currently under construction in the US jumped 27.3% in January 2017, driven by a surge in activity in New York. STR's latest pipeline report reveals that there are now 190,301 rooms in 1,449 projects being built in the US. But 31% of this development is occurring in just 10 major markets. New York has the largest pipeline, with a total of 15,607 rooms currently under construction, or about 8% of the nationwide total.