HENDERSONVILLE, Tennessee—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.
Among the Chain Scale segments, the Economy segment reported the largest decrease in rooms in the total active pipeline, falling 64.2 percent to 5,286 rooms, followed by the Luxury segment, which fell 52.7 percent to 5,209 rooms. The Midscale without Food and Beverage segment posted the smallest decrease, falling 20.0 percent to 114,084 rooms in the total active pipeline.
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.
U.S. pipeline by Chain Scale segment (number of rooms and percent change July 2010 vs. July 2009):
|
Chain Scale
|
Existing Supply
|
% Change
|
In Construction
|
% Change
|
Total Active Pipeline
|
% Change
|
|
Luxury
|
106,249
|
+1.3%
|
1,591
|
-72.1%
|
5,209
|
-52.7%
|
|
Upper Upscale
|
600,755
|
+2.0%
|
6,882
|
-54.8%
|
19,101
|
-33.8%
|
|
Upscale
|
522,318
|
+6.0%
|
14,755
|
-62.7%
|
81,515
|
-32.5%
|
|
Midscale w/ F&B
|
509,168
|
0.0%
|
4,664
|
-47.2%
|
20,549
|
-24.1%
|
|
Midscale w/o F&B
|
838,780
|
+3.6%
|
25,773
|
-45.6%
|
114,084
|
-20.0%
|
|
Economy
|
765,440
|
+0.7%
|
2,313
|
-53.3%
|
5,286
|
-64.2%
|
|
Unaffiliated
|
1,518,688
|
+1.0%
|
8,809
|
-56.7%
|
113,520
|
-20.5%
|
|
|
|
|
|
|
|
|
|
Total
|
4,861,398
|
+1.9%
|
64,787
|
-54.4%
|
359,264
|
-26.4%
|
* Includes those projects in the In Construction, Final Planning and Planning phases.
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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