New York drives US ho­tel con­struc­tion boom

Travel Daily ME - - News -

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.

Newspapers in English

Newspapers from Bahrain

© PressReader. All rights reserved.