Briefs: U.S. construction down | Brandt, DCC buy

U.S. construction pipeline falls: The total U.S. construction pipeline at the end of 2021’s second quarter stands at 4,787 projects/ 598,111 rooms, falling 14% year-over-year by projects from Q2 2020’s 5,582 projects/ 687,801 rooms, as per analysts at the Lodging Econometrics (LE). During Q1 and Q2 of 2021, 472 new hotels with 59,034 rooms opened in the U.S. LE is forecasting another 450 projects/51,754 rooms to open this year for a total of 922 projects/110,788 rooms by the year-end. This will represent a 2% increase in new supply for 2021. In 2022, 1,008 projects/113,871 rooms are expected to open, representing…
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