The U.S. hotel development pipeline for June has decreased 4.1 percent from May and 24.5 percent year over year, according to the most recent STR/TWR/Dodge Construction Pipeline Report. The only region that experienced growth was West South Central, which increased 3 percent. The other eight U.S. regions all witnessed double-digit declines year over year in the amount of under-construction rooms. New England experienced the sharpest drop at 47.8 percent.
"With nearly 56,000 fewer rooms in construction now than a year ago, the front end of the pipeline continues to draw down rapidly," Duane Vinson, vice president of content management at Smith Travel Research, said in a statement.
For a breakout of regional pipeline, click here
.Source: Hospitality Design Magazine