HENDERSONVILLE, Tennessee—The total active U.S. hotel development pipeline comprises 3,512 projects totaling 367,080 rooms, according to the April 2010 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 31.2-percent decrease in the number of rooms in the total active pipeline compared to April 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.
Among the Chain Scale segments, the Economy segment reported the largest decrease in rooms in the total active pipeline, falling 62.2 percent to 6,627 rooms. The Luxury segment (-50.0 percent with 5,424 rooms) and the Upper Upscale segment (-40.6 percent with 18,842 rooms) also reported large decreases in rooms in the total active pipeline. The Unaffiliated segment ended the month with the smallest decrease in rooms in the total active pipeline, falling 23.9 percent to 116,495. The Midscale without Food and Beverage segment reported the largest number of rooms in the total active pipeline with 119,742 rooms; the Luxury segment reported the smallest number with 5,424.
U.S. pipeline by Chain Scale segment (number of rooms and percent change April 2010 vs. April 2009):
|
Chain Scale
|
Existing Supply
|
% Change
|
In Construction
|
% Change
|
Total Active Pipeline
|
% Change
|
|
Luxury
|
106,898
|
+3.5%
|
2,246
|
-64.7%
|
5,424
|
-50.0%
|
|
Upper Upscale
|
606,183
|
+2.3%
|
7,235
|
-58.0%
|
18,842
|
-40.6%
|
|
Upscale
|
515,450
|
+7.8%
|
17,302
|
-63.1%
|
80,494
|
-38.8%
|
|
Midscale w/ F&B
|
508,994
|
+0.2%
|
5,287
|
-44.6%
|
19,456
|
-34.3%
|
|
Midscale w/o F&B
|
831,714
|
+5.2%
|
31,565
|
-44.8%
|
119,742
|
-24.8%
|
|
Economy
|
764,812
|
+1.0%
|
2,826
|
-61.3%
|
6,627
|
-62.2%
|
|
Unaffiliated
|
1,513,917
|
+0.9%
|
10,943
|
-57.6%
|
116,495
|
-23.9%
|
|
|
|
|
|
|
|
|
|
Total
|
4,847,968
|
+2.5%
|
77,404
|
-54.5%
|
367,080
|
-31.2%
|
* Includes those projects in the In Construction, Final Planning and Planning phases. (Source: STR)
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.
About STR
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. For more information, please visit www.str.com.
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