Hotel Market Data Shows Supply of Hotel Rooms within the US Market Expected to Increase by 3.71% in 2016Hotel Market Data (HMD) Index indicates nearly 150,000 new hotel rooms to become available within the US market by Q1 2017
HMD Index, a leading provider of real-time supply and construction pipeline data of the US hotel industry, has identified Cleveland, Pittsburgh, and New York City as the top three markets in terms of growth rate. Projected growth rates are 12.74%, 10.28%, and 9.75%, respectively. Both the Cleveland and Pittsburgh MSA regions are each projected to see over 2,300 new rooms become available; the New York City MSA region anticipates nearly 17,000 new rooms opening in 2016. The newly merged Marriott International- 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, operating properties, and pipeline analytical data throughout the United States. We deliver critical industry information that helps generate new sales for suppliers, vendors and professionals. Please visit us at www.hotelmarketdata.com, or contact us at 866-316-5300 for a free trial. End
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