Hotel Investors Rally Around Leisure Strategy

Daily Lodging Report

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Here’s a sampling of what the Daily Lodging Report provided to its readers this past week. If you’re not a subscriber, you should be. Don’t wait. Sign up now here.

STR said the number of U.S. hotel rooms in construction is down roughly 61,000 from the country’s all-time high achieved in early 2020. STR’s December 2021 pipeline data showed rooms In Construction down -19.2% in comparison with December 2020 at 158,906 while Rooms in Final Planning were down -20.6% to 185,231 and Rooms in Planning were up 38.9% to 284,502. STR said as of January 5, 2022, NYC still leads the pipeline with 15,069 rooms in Construction. Las Vegas is second with 5,368.

Skift Note: The construction pipeline might be down from the U.S. all-time high, but the data doesn’t show interest fading in New York City. The death of the Big Apple may have been greatly exaggerated, at least from a developer perspective.

Accor announced a new signing for their MGallery brand with Shenzhen Longhua Construction and Development Co. Ltd. This will bring the first MGallery Hotel Collection address to Shenzhen. The Shenzhen Dalang – MGallery will be the first international premium hotel to enter the prominent district within the city. The hotel will