Hotels are now on a roll as more people flock to them for a relaxing, affordable stay.
RTI hotel supply chain data shows hotels have been booming, with hotel stocks surging from a total of 5.3 million in November 2016 to 7.1 million in March 2018.
This growth has led to a rise in overall hotel inventory and a sharp increase in the number of rooms per hotel.
The chart below shows the number and ratio of rooms to hotel inventory for all U.S. hotels during each month.
During this period, hotels in the United States have sold more than 4.2 million rooms, or 6.3% of the total hotel stock.
The most notable growth was for the 10th consecutive month, which saw hotel stock increase by a staggering 5.6% year-over-year.
The top 10 cities with the highest number of hotel rooms per room were New York (7.7), Los Angeles (6.7) Chicago (6), San Francisco (6) and Dallas (5.8).
The top five cities with largest increases were Boston (up 7.7%), Chicago (up 4.6%), Houston (up 2.8%), Philadelphia (up 1.9%) and Washington, D.C. (up 0.8%).
This chart illustrates the rapid growth of hotels as people travel longer distances and become more social.
The data shows hotel stocks are still growing.
A recent report by RealtyTrac found that hotel stocks have been rising faster than overall U.K. hotel stocks since the beginning of the year.
While overall U., U.J. and Canadian stock markets have continued to decline, the real estate market has been holding its own, which may have contributed to the increase in hotel stock and the subsequent increase in demand.
The trend is a good sign for the broader economy and the economy as a whole, but is not a complete story.
In the U.k., the housing market continues to recover, as the number, value and number of new listings continue to rise.
As of March 2019, there were more than 1.5 million new listings, according to the National Association of Realtors.
However, the housing price recovery in the U, U.P. is far from complete.
This trend is only going to accelerate as new demand from new businesses and new investment comes to the market.
In addition to a surge in hotel stocks, demand for hotels is growing as people want to stay longer in the hotel business.
A study by U.B.A. research firm Hometrack, which was published this month, shows that hotels are now up nearly 6% in value since the end of January, a trend that has been seen in the industry since the summer of 2017.