STR reports U.S. hotel pipeline for October [inactive]
The active U.S. hotel development pipeline includes 5,917 hotels with 647,136 guestrooms, according to the October 2008 STR/TWR/Dodge Construction Pipeline Report released this week. This represents an 11.2-percent increase in the number of guestrooms in the active pipeline over October 2007. However, the number guestrooms in the construction phase of the pipeline in October decreased 4.9 percent from October 2007 to 190,395 (1,541 properties). Figures in the report include hotels in the In Construction, Final Planning and Planning stages. They do not include the Pre-Planning stage.