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Forecast: U.S. hotel openings up 22% this year

Lodging Econometrics predicts that 2017 will see a 22% year-over-year increase in hotel openings in the U.S.

In the first quarter of this year, 212 hotels/24,122 rooms opened in the U.S. Of those, 93 hotels and 10,018 rooms were in suburban locations. Almost half were properties of 100 to 200 rooms. Seventy-nine of the hotels, or 37%, were in a top 25 market.

For the remainder of the year, LE forecasts another 868 projects/97,386 rooms to open for a total of 1,080 hotels/121,508 rooms in 2017.

In the first quarter of the year, 513 projects/57,127 rooms were newly announced into the pipeline, LE said. For 2018, LE forecasts an additional 1,283 hotels/143,038 rooms will open in the U.S.

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