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STR Reports US Hotel Pipeline for May 2013

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According to the May 2013 STR Pipeline Report, the total active U.S. hotel development pipeline comprises 2,687 projects totaling 324,130 rooms.

This represents an 11.6% increase in the number of rooms in the total active pipeline compared with May 2012, and a 22.4% 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.

The U.S. development pipeline continued to steadily increase in May, said Bobby Bowers, senior VP of operations at STR. Rooms under construction increased about 23% over May 2012. STR is expecting full-year 2013 net room supply growth of around 1%, about half the long-term annual growth rate.

Among the nine U.S. regions, the Mountain region reported the largest increase in rooms in the total active pipeline, rising 41.2% over last year to 36,849 rooms.

 Three other regions reported increases of more than 20% in rooms in the total active pipeline: the New England region (+36.7% with 11,476 rooms); the West North Central region (+27.4% with 16,786 rooms); and the Pacific region (+24.9% with 38,900 rooms).

The East South Central region (-1.2% with 18,270 rooms) reported the only decrease in rooms in the total active pipeline.

Three regions reported increases of more than 30% in rooms under construction: the Pacific region (+56.2% with 7,324 rooms); the East South Central region (+40.3% with 6,435); and the Mountain region (+35.3% with 4,382 rooms).

 None of the regions reported decreases in rooms under construction.

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