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Follow on Google News | New York City to Experience a 10.84% Increase in Hotel Room Supply over the Next 12 MonthsHotel Market Data (HMD) Index indicates over 18,000 new hotel rooms to become available in the NYC region by the end of Q3 2016
By: HotelMarketData According to the HMD Index, which provides real-time supply and construction pipeline data of the US hotel industry, the supply of mid-range rooms within the NYC region is expected to increase by 11.43% and the supply of luxury hotel rooms is expected to increase by 11.32% over the next 12 months. By the end of the third quarter of 2016, Wyndham Hotel Group will likely see the greatest increase in hotel room supply in the New York City region with 13.48% growth, while Starwood Hotels & Resorts Worldwide Inc. is showing the second highest growth forecast at 12.56%. The HMD Index’s real-time hotel supply and construction pipeline data is driven by Hotel Market Data’s construction reports, profiles and analytics. Visit www.hotelmarketdata.com/ About Hotel Market Data HotelMarketData.com is the leading provider of hotel construction, profiles and pipeline analytical data throughout the United States and delivers critical industry information to suppliers, vendors and professionals that help generate new sales. Please visit us at hotelmarketdata.com or contact us at 866-316-5300 for a free trial. End
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