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According to the March 2012 STR/McGraw Hill
Construction Dodge Pipeline Report, the total active U.S. hotel
development pipeline comprises 2,752 projects totaling 293,850
rooms.
This represents a 9.5% decrease in the
number of rooms in the total active pipeline compared to March
2011.
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 17.8% over March 2011 to 16,772
rooms, followed by the Economy segment with an 8.6% increase in
rooms to 4,397. The Upper Midscale segment reported the only
double-digit decrease in rooms in the total active pipeline,
falling 14.0% to 82,815 rooms.
"We continue to see an increase in the number of
rooms In Construction as strength in travel and tourism gathers
momentum," said Duane Vinson, vice president Database Content and
Integrity at STR. "Large meeting and conference hotel projects
under the flags of Embassy Suites, Hyatt and Marriott are breaking
ground again, as well as smaller projects under business-oriented brands such as Courtyard, Hilton Garden Inn, Residence Inn,
Springhill Suites and Hyatt Place."
The Unaffiliated
segment ended the month with the largest increase in rooms in the
In Construction phase, rising 62.6% to 12,036 rooms, followed by
the Upper Upscale segment (+39.5% to 7,730 rooms) and the Luxury
segment (+37.8% to 1,130 rooms).
"There
are a few large independent projects that have significantly
impacted the overall number of non-branded rooms In Construction,
namely the Revel Resort & Casino (Atlantic City, New Jersey) with
1,399 rooms, a new military lodging facility at Fort Benning,
Georgia with 860 rooms, and the Margaritaville Casino Resort with
396 rooms being built in Bossier City, Louisiana," Vinson
added.
The
Upper Midscale segment (18,200 rooms) and the Upscale segment
(17,416 rooms) reported the largest number of rooms under
construction among the Chain Scale segments.
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March 2012
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