News
Houston Second in Country for Hotel Development
Houston has nearly 17,500 hotel rooms in various stages of the development pipeline, second only to NYC (30,000 rooms). The two metros alone constitute more than 10% of hotel development planned in the US, according to the latest STR Pipeline Report. Houston has about 6,200 rooms in the dirt now (of 126,000 nationwide), an incredible 98% year-over-year increase. STR SVP Bobby Bowers is concerned by the stat, Hotel News Now reports—a lot of supply doesn't couple well with lowered oil prices. [HNN]
