Trends

U.S. Hotel Pipeline for March 2013 Up 9.2% over 2012

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

Smith Travel Research 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).

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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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