Source: STR

The total active U.S. hotel development pipeline comprises 2,728 projects totaling 320,397 rooms, according to the February 2013 STR Pipeline Report. This represents a 10.1-percent increase in the number of rooms in the total active pipeline compared with February 2012 and a 39.7-percent increase in rooms under construction. 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 Luxury segment reported the largest increase in rooms in the total active pipeline, rising 66.8 percent to 7,665 rooms. The Upscale segment (+23.8 percent to 89,198 rooms) and the Unaffiliated Segment (+10.3 percent to 91,316 rooms) also reported double-digit increases in rooms in the total active pipeline. The Midscale segment reported the largest decrease in rooms in the total active pipeline, falling 18.6 percent to 19,423 rooms.

Two segments experienced increases of more than 50 percent in rooms under construction: the Luxury segment (+477.7 percent to 4,731 rooms) and the Upscale segment (+66.9 percent to 26,392 rooms). The Upper Upscale segment ended the month with the only decrease in rooms under construction, falling 15.1 percent with 6,757 rooms).

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.