STR reports U.S. hotel Pipeline for May 2009
“One area that we will continue to watch as signs of a recovery emerge is the Pre-Planning activity,” Vinson continued. “You could certainly speculate that developers will be paying close attention to get an early jump once things show any glimmer of improving. This is a pattern that we’ve seen develop rapidly following the last two downturns.”
When looking at the number of rooms in the In Construction phase of the active pipeline, all seven chain-scale segments reported decreases in year-over-year measurements. The Midscale with Food and Beverage segment was the only segment to report a single-digit decrease in the amount of rooms in the In Construction phase, only falling 0.6 percent to 9,201 rooms. Three segments posted year-over-year decreases of more than 20 percent in the number of rooms in the In Construction phase, including the Unaffiliated segment’s 44.7-percent decrease to 24,289 rooms, the Economy segment’s 42.8-percent decrease to 6,441 rooms, and the Upper Upscale segment’s decrease of 30.0 percent to 16,703 rooms.
U.S. Pipeline by chain-scale segment (number of rooms and percent change May 2009 vs. May 2008):
|Chain Scale||Existing Supply||% Change||In Construction||% Change||Total Active Pipeline||% Change|
|Midscale w/ F&B||509,225||-1.2%||9,201||-0.6%||29,065||-11.0%|
|Midscale w/o F&B||797,725||+7.4%||52,835||-10.1%||157,733||-11.1%|
*Includes those projects in In Construction, Final Planning and Planning phases
About STR/TWR/Dodge Construction Pipeline Report: The Pipeline Report is co-produced by Torto Wheaton Research, Dodge Construction, and dedicated pipeline team at STR. Available as an annual subscription or a local Market Supply Report, the Pipeline Report is a comprehensive look at new hotel development and existing supply in the U.S. and Canada.
About STR & STR Global: For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit or .