STR Reports US Hotel Pipeline for February 2013

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).