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STR: US pipeline for February 2010
The total active U.S. hotel development pipeline includes 3,551 projects comprising 368,740 rooms, according to the February 2010 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 35.9-percent decrease in the number of rooms in the total active pipeline compared to February 2009. 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 total active U.S. hotel development pipeline includes 3,551 projects comprising 368,740 rooms, according to the February 2010 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 35.9-percent decrease in the number of rooms in the total active pipeline compared to February 2009. 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.
“We’re seeing comparable declines in room development across all regions of the country,” said Duane Vinson, vice president at STR. “The Mountain Region has posted the sharpest year-over-year decline due to a 75-percent (16,000-room) decline in the Las Vegas pipeline.”
Among the nine geographical U.S. regions, the Mountain region reported the largest year-over-year percent change in rooms in the total active pipeline, falling 95.3 percent to 32,701 rooms, followed by the East North Central region (-38.7 percent to 29,630 rooms) and the West South Central region (-38.1 percent to 59,793 rooms). The East South Central region (-37.6 percent to 24,077 rooms) and the South Atlantic region (-37.5 percent to 87,857 rooms) also posted large decreases in the number of rooms in the total active pipeline. The West North Central region ended the month with the smallest decrease of rooms in the total active pipeline, falling 7.3 percent to 15,542 rooms.
About STR | STR (www.str.com) provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering the United States, Canada, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, global pipelines and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and HotelNewsNow.com. STR also founded the Hotel Data Conference (www.Hoteldataconference.com).
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