STR Reports U.S. Hotel Pipeline for April 2010
June 14, 2010 - Smith Travel Research The total active U.S. hotel development pipeline comprises 3,512 projects totaling 367,080 rooms, according to the April 2010 STR/TWR/Dodge Construction Pipeline Report released this week.
This represents a 30.3-percent decrease in the number of rooms in the total active pipeline compared to May 2009. 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 (-23.1 percent with 115,271 rooms) and the Midscale without Food and Beverage segment (-25.8 percent with 117,031) reported the smallest decrease in rooms in the total active pipeline. The Economy segment posted the largest decrease in rooms in the total active pipeline, falling 64.1 percent to 5,824 rooms, followed by the Luxury segment with a 44.0-percent decrease to 5,940 rooms.
All seven of the Chain Scale segments reported decreases in the number of guestrooms in the In Construction phase, including four segments reporting declines of 60 percent or more: the Upscale segment (-63.9 percent with 15,578 rooms); the Luxury segment (-61.5 percent with 2,367 rooms); the Upper Upscale segment (-60.2 percent with 6,645 rooms); and the Economy segment (-60.0 percent with 2,576 rooms).
About STR/TWR/Dodge Construction Pipeline Report:
The Pipeline Report is co-produced by Torto Wheaton Research, Dodge Construction, and dedicated pipeline team at STR. Available as an annual subscription or a local Market Supply Report, the Pipeline Report is a comprehensive look at new hotel development and existing supply in the U.S. and Canada.
About STR
STR provides clients —including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.str.com.
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