STR Reports US Hotel Pipeline for September 2013

According to the September 2013 STR Pipeline Report, the total active U.S. hotel development pipeline comprises 2,767 projects totaling 333,775 rooms.

This amount represents a 15.6% increase in the number of rooms in the total active pipeline compared with September 2012 and a 29.5% 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 45.5% with 22,689 rooms. Two other segments achieved double-digit increases in rooms in the total active pipeline: the Unaffiliated segment (+31.2% with 100,561 rooms) and the Upscale segment (+16.0% with 87,867 rooms). The Luxury segment reported the largest decrease in rooms in the active pipeline, falling 18.4% with 6,848 rooms.

Three segments reported increases in rooms under construction of 25% or more: the Upscale segment (+51.8% with 30,580 rooms); the Midscale segment (+35.2% with 3,863 rooms); and the Upper Midscale segment (+25.0% with 23,689 rooms). The Economy segment (-8.0% with 1,169 rooms) and the Upper Upscale segment (-1.9% with 7,417 rooms) were the only segments to report decreases in rooms under construction.