Dive summary:
- The total active pipeline data include projects in the construction, final planning, and planning stages but does not include projects in the pre-planning stage.
- A national group reported Michigan as having an increase in rooms in the total active pipeline, rising 96.8% with 7,940 rooms, followed by the Upscale segment with a 10.7% increase to 82,412 rooms.
- Now, the industry market supplied 2,637 projects totaling 307,289 rooms.
From the article:
"Upscale and Upper Midscale brand dominance continues," accounting for almost 63% of rooms that have broken ground. ...