According to the January 2013 STR Pipeline Report, the total active U.S. hotel development pipeline comprises 2,637 projects totaling 307,289 rooms.
This represents a 4.9% increase in the number of rooms in the total active pipeline compared with January 2012, and a 38.3% increase in rooms under construction. The total active pipeline data includes projects in the construction, final planning, and planning stages but does not include projects in the pre-planning stage.
"Under construction rooms continue their steady climb, increasing about 7% from last month and more than 38% versus January 2012," said Bobby Bowers, Senior VP of Operations at STR. "Upscale and Upper Midscale brand dominance continues, accounting for almost 63% of rooms that have broken ground. Additionally, Luxury rooms under construction are up significantly from January 2012, perhaps reflecting confidence in the industry's sustained upward momentum. We expect supply growth to continue inching forward in 2013, with full year net growth of around 1%."
Among the Chain Scale segments, the Luxury segment reported the largest increase in rooms in the total active pipeline, rising 96.8% with 7,940 rooms, followed by the Upscale segment with a 10.7% increase to 82,412 rooms. Three markets reported double-digit decreases in the number of rooms in the total active pipeline: Upper Upscale segment (-22.5% with 15,339 rooms); the Midscale segment (-17.9% with 19,530 rooms); and the Economy segment (-11.2% with 4,002 rooms).
Related Stories
Giants 400 | Dec 3, 2020
2020 Hotel Sector Giants: Top architecture, engineering, and construction firms in the U.S. hospitality sector
Gensler, Jacobs, and Suffolk Construction top BD+C's rankings of the nation's largest hotel sector architecture, engineering, and construction firms, as reported in the 2020 Giants 400 Report.
Hotel Facilities | Nov 3, 2020
Hotel made from CLT opens at Fort Jackson, S.C.
This project used over 4,100 pieces of cross-laminated timber. It's the fourth CLT hotel in the Army's housing portfolio.
Hotel Facilities | Oct 27, 2020
Hotel construction pipeline dips 7% in Q3 2020
Hospitality developers continue to closely monitor the impact the coronavirus will have on travel demand, according to Lodging Econometrics.
Hotel Facilities | Sep 22, 2020
‘Lifestyle’ is adding new color to the select-service hotel sector
A new WATG Strategy white paper examines the design characteristics of the blending.
Giants 400 | Aug 28, 2020
2020 Giants 400 Report: Ranking the nation's largest architecture, engineering, and construction firms
The 2020 Giants 400 Report features more than 130 rankings across 25 building sectors and specialty categories.
Coronavirus | Aug 25, 2020
Video: 5 building sectors to watch amid COVID-19
RCLCO's Brad Hunter reveals the winners and non-winners of the U.S. real estate market during the coronavirus pandemic.
Hotel Facilities | Aug 14, 2020
5 strategies for creating safer, healthier hotel experiences
As hotels begin to reopen, the focus on health and safety takes priority while working to preserve the guest experience.
Hotel Facilities | Jul 30, 2020
Las Vegas’s Circa Resort & Casino will feature contactless technology throughout
The resort is slated to open in late 2020.
Hotel Facilities | Jun 25, 2020
Restoration of 1930s El Paso hotel completes
The project represented a cross-collaboration of Cooper Carry’s Hospitality studio and The Johnson Studio at Cooper Carry.
Hotel Facilities | May 26, 2020
Apple is building a 192-room hotel on its billion-dollar Austin Campus
A hotel brand has yet to be announced.