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STR Reports US Hotel Pipeline for February 2013

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According to the February 2013 STR Pipeline Report, the total active U.S. hotel development pipeline comprises 2,728 projects totaling 320,397 rooms.

 This represents a 10.1% increase in the number of rooms in the total active pipeline compared with February 2012 and a 39.7% 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 Luxury segment reported the largest increase in rooms in the total active pipeline, rising 66.8% to 7,665 rooms. The Upscale segment (+23.8% to 89,198 rooms) and the Unaffiliated Segment (+10.3% to 91,316 rooms) also reported double-digit increases in rooms in the total active pipeline. The Midscale segment reported the largest decrease in rooms in the total active pipeline, falling 18.6% to 19,423 rooms.

Two segments experienced increases of more than 50% in rooms under construction: the Luxury segment (+477.7% to 4,731 rooms) and the Upscale segment (+66.9% to 26,392 rooms). The Upper Upscale segment ended the month with the only decrease in rooms under construction, falling 15.1% with 6,757 rooms).

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