STR Reports 43,865 New Rooms Opened In '12
Among the Chain Scale segments, the Upper Midscale segment opened the most rooms in 2012 with 15,700 rooms in 166 projects. The segment reported a 0.6-percent decrease in the number of rooms that opened in 2012 compared with 2011. The Upper Midscale segment was followed by the Upscale segment, which opened 11,819 rooms in 85 properties during 2012, and the Independent segment, which opened 7,216 rooms in 52 properties. The Luxury segment opened the smallest number of new rooms in 2012 (233 rooms in one property).
In 2013, the U.S. hotel industry is expecting 817 properties with 87,301 rooms to open. Among the Chain Scale segments, the Upper Midscale segment is expected to open the largest number of rooms in 2013 with 33,432 in 362 properties. The Upscale segment (29,562 rooms in 229 properties) and the Unaffiliated segment (10,126 rooms in 86 properties) also are expected to open a significant number of new rooms in 2013.
Properties and Rooms opened in 2012 by Chain Scale segment
Chain Scale Properties Rooms Segment opened in opened in 2012 2012 ------------------------------------ Luxury 1 233 Upper Upscale 9 2,417 Upscale 85 11,819 Upper Midscale 166 15,700 Midscale 58 3,922 Economy 36 2,558 Independent 52 7,216 Total U.S. 407 43,865 Source: STR
The total active U.S. hotel development pipeline comprises 2,634 projects totaling 304,077 rooms, according to the December 2012 STR/McGraw Hill Construction Dodge Pipeline Report. This represents a 1.2-percent decrease in the number of rooms in the total active pipeline compared with December 2011.
About STR/McGraw Hill Construction Dodge Pipeline Report
The Pipeline Report is co-produced by McGraw Hill Construction Dodge, and the 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.
STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline 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.
Jeff Higley (STR)
VP, Digital Media & Communications
Phone: +1 (615) 824-8664 ext. 3318