STR: U.S. Tops Q1 Hotel Openings, But Construction Activity Declines

U.S. resort building exercise stays decrease than pre-pandemic ranges, however the nation through the first quarter of 2021 continued to guide the world in new resort and room openings, in keeping with international pipeline information from STR’s AM:PM platform.

Throughout the quarter, the U.S. opened 26,057 rooms throughout 220 motels. Just one different nation opened greater than 10,000 rooms over the interval: China, with 12,418. The following three nation leaders had been Japan (2,499 resort room openings), Australia (2,382) and the U.Okay. (2,214).

Present U.S. resort room building is 186,269 rooms, down almost 34,000 rooms—greater than 15 %—from the nation’s all-time building peak of 220,207 rooms in April 2020, in keeping with STR. The variety of rooms within the planning and last planning levels are 237,703 and 214,287, respectively.

Among the many prime U.S. markets, New York Metropolis leads with 21,055 rooms in building, adopted by 8,579 for Las Vegas. The following two markets are Los Angeles (6,395 rooms) and Atlanta (5,407 rooms).

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