STR Reports U.S. Hotel Pipeline for February 2013 Up 10.1% over 2012
March 14, 2013 - The total active U.S. hotel development pipeline comprises 2,728 projects totaling 320,397 rooms, according to the February 2013 STR Pipeline Report.
The total active U.S. hotel development pipeline comprises 2,728 projects totaling 320,397 rooms, according to the February 2013 STR Pipeline Report. This represents a 10.1-percent increase in the number of rooms in the total active pipeline compared with February 2012 and a 39.7-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 Luxury segment reported the largest increase in rooms in the total active pipeline, rising 66.8 percent to 7,665 rooms. The Upscale segment (+23.8 percent to 89,198 rooms) and the Unaffiliated Segment (+10.3 percent to 91,316 rooms) also reported double-digit increases in rooms in the total active pipeline. The Midscale segment reported the largest decrease in rooms in the total active pipeline, falling 18.6 percent to 19,423 rooms.
Two segments experienced increases of more than 50 percent in rooms under construction: the Luxury segment (+477.7 percent to 4,731 rooms) and the Upscale segment (+66.9 percent to 26,392 rooms). The Upper Upscale segment ended the month with the only decrease in rooms under construction, falling 15.1 percent with 6,757 rooms).
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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 and HotelNewsNow.com. For more information, please visit www.str.com.
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