STR Reports US Hotel Development Pipeline for July 2013

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.