U.S. Hotel Transactions Market Active in 2016, Significant New Supply Headed to Many Major U.S. Hotel Markets

HVS | June 22, 2016

Denver, CO: June 22, 2016 - Many of the top U.S. hotel markets realized record performance figures in 2015, continuing an upward trend that has brought about an unprecedented amount of proposed hotel supply. HVS's annual Hotel Market Connections conference series, which concluded Thursday, June 16, also revealed insights into supply, demand, performance, and transaction dynamics for the first half of 2016. As of June 2016, U.S. hotel inventory stands at 54,258 hotels (5,066,697 rooms), with 4,154 new hotels (509,607 new rooms) in various stages of the pipeline. "Comparing this year with 2015, occupancy is holding steady nationwide, whil...