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STR Reports US Hotel Development Pipeline for July 2013

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According to the July 2013 STR Pipeline Report, the total active U.S. hotel development pipeline comprises 2,730 projects totaling 328,382 rooms.

This represents a 9.1% increase in the number of rooms in the total active pipeline compared with July 2012 and a 23.1% 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% 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% with 89,440 rooms), and the Unaffiliated segment (+13.2% with 97,413 rooms).

The luxury segment reported the only double-digit decrease in rooms in the total active pipeline, falling 13.2% with 6,900 rooms.

Three segments achieved growth of 40.0% or more in rooms under construction: the Luxury segment (+443.5% with 4,690 rooms); the Midscale segment (+42.2% with 3,418 rooms); and the Upscale segment (+40.0% with 27,451 rooms).

 The Economy segment reported the largest decrease in rooms under construction, falling 27.0% with 978 rooms.

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