The total active U.S. hotel development pipeline comprises 2,807 projects totaling 339,602 rooms, according to the November 2013 STR Pipeline Report. This represents a 13.5-percent increase in the number of rooms in the total active pipeline compared with November 2012 and a 35.8-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 U.S. regions, the Pacific region reported the largest increase in rooms in the total active pipeline, rising 25.2 percent year over year to 42,371 rooms. Four other regions reported double-digit increases of more than 15 percent in the number of rooms in the total active pipeline: West North Central (+17.9 percent to 18,766 rooms); Mountain (+17.4 percent to 37,066 rooms); New England (+17.2 percent to 11,154 rooms); and East North Central (+15.2 percent to 28,378 rooms). East South Central (-3.3 percent to 18,612 rooms) was the only region to report a decrease of rooms in the total active pipeline.
"U.S. hotel rooms in construction continued their steady upward climb in November, increasing by 5.6 percent versus October 2013 and nearly 36 percent versus November 2012," said Bobby Bowers, senior VP of operations at STR.
He said the Middle Atlantic led all U.S. regions with 20,035 rooms under construction, or nearly 22 percent of the U.S. total. The New York-Northern New Jersey-Long Island metropolitan statistical area alone accounted for 70 percent of Middle Atlantic construction activity.
"The South Atlantic region, driven by the Washington, D.C., MSA and several Florida markets, registered the second highest under construction totals, with 18,243 rooms. These top two regions, combined with the West South Central and Pacific, totaled more than 70 percent of all U.S. hotel room construction," he added.
The Pacific region reported 123.6-percent growth in rooms under construction over last year (11,128 rooms), followed by New England (+59.4 percent with 1,973 rooms) and the West South Central region (+58.8 percent with 15,227 rooms). The East South Central region (-12.5 percent with 4,883 rooms) reported a decrease in rooms under construction.
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