HLT - My Oh My Another Strong Buy
According to Wells Fargo Research,
there are currently 5.27MM hotel rooms in the U.S. with approximately 188,000 rooms under construction and 614,000 rooms in the active development pipeline (construction starts over a year from now up to those under construction).
The active development hotel pipeline in the U.S. has grown year over year for 68 consecutive months, with double-digit growth experienced over 47 months, up to July 2017, before decelerating to the low to mid-single digit growth for the last 13 months. Rooms under construction represents 3.6% aggregate room growth for the U.S. According to