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Published on : Saturday, November 16, 2013
The total active U.S. hotel development pipeline comprises 2,785 projects totaling 338,628 rooms, according to the October 2013 STR Pipeline Report. This represents a 16.66-percent increase in the number of rooms in the total active pipeline compared with October 2012 and a 28.25-percent increase in rooms under construction. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.
Among the Chain Scale segments, the Unaffiliated segment reported the largest increase in rooms in the total active pipeline, rising 29.2 percent with 98,821 rooms. Two other segments achieved double-digit increases in rooms in the total active pipeline: the Upper Midscale segment (+27.4 percent with 92,695 rooms) and the Upscale segment (+26.7 percent with 90,526 rooms). There were no segments that reported a decrease.
Two segments reported increases in rooms under construction of 25 percent or more: the Upscale segment (+36.4 percent with 31,566 rooms) and the Upper Midscale segment (+29.6 percent with 25,682 rooms). There were no segments that reported a decrease in rooms under construction.