STR reports US pipeline for November 2009
The total active U.S. hotel development pipeline includes 3,939 projects comprising 417,412 rooms, according to the November 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 33.9-percent decrease in the number of rooms in the total active pipeline compared to November 2008. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include...
All nine of the U.S. geographic regions experienced significant declines in the number of rooms in the total active pipeline in year-over-year comparisons. The Pacific region reported the smallest decrease in the number of rooms in the total active pipeline, falling 21.9 percent to 54,812 rooms. The Mountain region experienced the largest decrease in rooms in the total active pipeline, down 45.0 percent to 43,611 rooms. Two other regions reported large decreases in rooms in the total active pipeline of 40 percent or more: the East South Central region (-43.0 percent to 25,007 rooms) and the East North Central region (-40.0 percent to 33,309 rooms).
|
Region |
Total Active Pipeline by projects |
% change |
Total Active Pipeline by rooms |
% change |
|
Pacific |
437 |
-29.1% |
54,812 |
-21.9% |
|
Mountain |
340 |
-42.0% |
43,611 |
-45.0% |
|
West North Central |
172 |
-37.2% |
16,656 |
-31.2% |
|
West South Central |
802 |
-29.3% |
69,591 |
-31.2% |
|
East North Central |
315 |
-38.8% |
33,309 |
-40.0% |
|
East South Central |
284 |
-33.3% |
25,007 |
-43.0% |
|
Middle Atlantic |
570 |
-15.9% |
60,194 |
-23.0% |
|
New England |
130 |
-29.7% |
15,841 |
-27.8% |
|
South Atlantic |
889 |
-38.6% |
98,391 |
-37.5% |
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
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