STR reports U.S. hotel pipeline for October 2009
All seven Chain Scale segments reported declines in the number of rooms in the In Construction phase for the month. The Economy segment experienced the largest decrease in rooms in the total active pipeline, falling 49.8 percent to 13,341 rooms. Two other segments experienced decreases in rooms in the total active pipeline of more than 40 percent: the Upper Upscale segment (-45.8 percent to 25,143 rooms) and the Luxury segment (-42.4 percent to 8,410 rooms). The Midscale with Food and Beverage segment (-26.1 percent to 23,815 rooms) and the Midscale without Food and Beverage segment (-28.5 percent to 127,352 rooms) experienced the smallest declines in rooms in the total active pipeline.
U.S. pipeline by Chain Scale segment (number of rooms and percent change October 2009 vs. October 2008):
* Includes those projects in the 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.
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For more than 20 years, Smith Travel Research, Inc. (STR) has been the recognized leader for hotel industry benchmarking and research. STR and STR Global offer monthly, weekly and daily STAR benchmarking reports to more than 38,000 hotel clients, representing over 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit or .
Jeff Higley (STR)
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