STR Reports U.S. Hotel Pipeline Up 9.2% for March, 2013

• 
  SAVE
• 
  SHARE
• 
  TEXT SIZE
• 
  PRINT
• 
  COMMENT
• 
  PDF

. April 12, 2013

April 12, 2013 - The total active U.S. hotel development pipeline comprises 2,717 projects totaling 320,750 rooms, according to the March 2013 STR Pipeline Report.

This represents a 9.2-percent increase in the number of rooms in the total active pipeline compared with March 2012 and a 19.3-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 Top 25 Markets, New York, New York, reported the largest number of rooms under construction with 10,247 rooms, which represents a 34.4-percent increase in rooms under construction compared with March 2012. Three other markets reported more than 2,000 in the In Construction phase: Washington, D.C. (3,069 rooms); Orlando, Florida (2,956 rooms); and Chicago, Illinois (2,694 rooms).

Los Angeles-Long Beach, California, reported the largest year-over-year increase in rooms under construction, rising 533.4 percent with 1,932, followed by Detroit, Michigan (+524.3 percent with 718 rooms), and Anaheim-Santa Ana, California (+417.7 percent with 730 rooms).