STR: US hotel pipeline for July 2010
The total active U.S. hotel development pipeline comprises 3,412 projects totaling 359,264 rooms, according to the July 2010 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 26.4-percent decrease in the number of rooms in the total active pipeline compared to July 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 Luxury segment fell 72.1 percent to 1,591 rooms in the In Construction phase, followed by the Upscale segment (-62.7 percent to 14,755 rooms) and the Unaffiliated segment (-56.7 percent to 8,809 rooms). The Midscale without Food and Beverage segment reported the smallest decrease in rooms in the In Construction phase, falling 45.6 percent to 25,773 rooms.
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.
Rachael Spann Urie
Phone: +1 (615) 824-8664 ext. 3305
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.