Wyndham Hotels & Resorts reported a strong first quarter, with its global development pipeline climbing 8%. Riding on increased interest from owners, its development pipeline touched a record 243,000 rooms. There was growth in new openings, franchisee retention and net room growth across the globe for the 15th consecutive quarter. The Parsippany, N.J.-based lodging company […]
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After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December, according to pipeline data from STR. At a market-level, New York City, Phoenix and Dallas are set to see the largest supply percentage increases from current construction. Among the chain scales, the Luxury and Upscale segments lead in that measurement. U.S. […]
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STR’s March 2017 Pipeline Report shows 162,732 rooms in 1,035 hotel projects Under Contract in Europe. The total represents a 0.7% decrease in rooms Under Contract compared with March 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. Europe reported […]
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STR’s April 2016 Pipeline Report shows 145,707 rooms in 964 projects Under Contract in Europe. The total represents a 5.5% increase in rooms Under Contract compared with April 2015 and an8.5% year-over-year increase in rooms In Construction. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include […]
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