Construction Pipeline U.S.

U.S. Hotel Construction Pipeline for July 2014 Up 12.3% over 2013

There are 3,228 hotels totaling 388,359 rooms Under Contract in the United States, according to the July 2014 STR Pipeline Report. This represents a 12.3-percent increase in the number of rooms Under Contract compared with July 2013 and a 43.5-percent increase in rooms under construction.

Smith Travel Research

There are 3,228 hotels totaling 388,359 rooms Under Contract in the United States, according to the July 2014 STR Pipeline Report. This represents a 12.3-percent increase in the number of rooms Under Contract compared with July 2013 and a 43.5-percent increase in rooms under construction. The rooms Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

Among the Chain Scale segments, the Upper Upscale segment reported the largest year-over-year increase in rooms Under Contract (+26.9 percent) with 28,094 rooms. Two other segments reported double-digit increases in rooms Under Contract: the Upper Midscale segment (+17.8 percent to 114,277 rooms) and the Upscale segment (+10.8 percent to 104,047 rooms). The Luxury segment recorded the only decrease in rooms Under Contract, falling 5.1 percent to 7,260 rooms.

The Upscale segment (+53.1 percent to 42,014 rooms) and the Unaffiliated segment (51.9 percent to 15,259 rooms) reported the largest year-over-year growth of rooms under construction. The Luxury segment ended the month with the only decrease in rooms under construction, falling 23.8 percent to 3,572 rooms. 

U.S. pipeline by Chain Scale segment (number of rooms and percent change July 2014 versus July 2013):

Chain Scale

Preliminary Existing Supply (as of July 31, 2014)

% Change 

In Construction

% Change

Total Under Contract

% Change

Luxury

107,603

+0.8%

3,572

-23.8%

7,260

-5.1%

Upper Upscale

565,420

+1.5%

10,595

+47.6%

28,094

+26.9%

Upscale

621,416

+3.3%

42,014

+53.1%

104,047

+10.8%

Upper Midscale

870,567

-0.2%

31,034

+42.0%

114,277

+17.8%

Midscale

483,881

+1.0%

5,007

+46.5%

24,849

+7.6%

Economy

770,448

0.0%

1,053

+7.7%

4,525

+4.5%

Unaffiliated

1,542,323

+0.4%

15,259

+51.9%

105,307

+7.7%

 

           

Total 

4,961,658

+0.7%

108,534

+43.5%

388,359

+12.3%

Source: STR

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 and HotelNewsNow.com. For more information, please visit www.str.com.



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