Construction Pipeline U.S.

U.S. Hotel Pipeline for July 2013 Up 9.1% over 2012

Among the Chain Scale segments, the Upper Upscale segment reported the largest increase in rooms in the total active pipeline, rising 20.5 percent with 21,050 rooms.

STR The total active U.S. hotel development pipeline comprises 2,730 projects totaling 328,382 rooms, according to the July 2013 STR Pipeline Report. This represents a 9.1-percent increase in the number of rooms in the total active pipeline compared with July 2012 and a 23.1-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 Upper Upscale segment reported the largest increase in rooms in the total active pipeline, rising 20.5 percent with 21,050 rooms. Two other segments reported double-digit increases in rooms in the total active pipeline, compared to July 2012: the Upscale segment (+18.1 percent with 89,440 rooms), and the Unaffiliated segment (+13.2 percent with 97,413 rooms). The luxury segment reported the only double-digit decrease in rooms in the total active pipeline, falling 13.2 percent with 6,900 rooms.

Three segments achieved growth of 40.0 percent or more in rooms under construction: the Luxury segment (+443.5 percent with 4,690 rooms); the Midscale segment (+42.2 percent with 3,418 rooms); and the Upscale segment (+40.0 percent with 27,451 rooms). The Economy segment reported the largest decrease in rooms under construction, falling 27.0 percent with 978 rooms.

Table - U.S. Hotel Pipeline for July 2013

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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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