STR Reports Us Hotel Pipeline For April
The total active U.S. hotel development pipeline comprises 3,174 projects totaling 383,348 rooms, according to the April STR Pipeline Report - See more at: http://www.hotelnewsnow.com/Article/13688/STR-reports-US-hotel-pipeline-for-April
Among the Chain Scale segments, the Upper Upscale segment reported the largest increase in rooms under contract, rising 31.2 percent with 25,260 rooms. Three other segments reported increases in rooms under contract of more than 15 percent: the Midscale segment (+25.9 percent 23,567 with rooms); the Unaffiliated segment (+17.8 percent with 107,553 rooms); and the Upper Midscale segment (+15.3 percent with 111,898 rooms).
Four segments reported rooms under construction increases of more than 40 percent: the Upscale segment (+53.2 percent with 38,872 rooms); the Upper Midscale segment (+50.7 percent with 31,303 rooms); the Midscale segment (+46.2 percent with 5,327 rooms); and the Unaffiliated segment (+41.1 percent with 13,994 rooms). The Economy segment reported the largest decrease in rooms under construction, falling 22.8 percent with 899 rooms.
Jeff Higley (STR)
VP, Digital Media & Communications
Phone: +1 (615) 824-8664 ext. 3318