STR Reports US Hotel Pipeline for October 2013

According to the October 2013 STR Pipeline Report, the total active U.S. hotel development pipeline comprises 2,785 projects totaling 338,628 rooms.

This represents a 16.66% increase in the number of rooms in the total active pipeline compared with October 2012 and a 28.25% 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 Unaffiliated segment reported the largest increase in rooms in the total active pipeline, rising 29.2% with 98,821 rooms. Two other segments achieved double-digit increases in rooms in the total active pipeline: the Upper Midscale segment (+27.4% with 92,695 rooms) and the Upscale segment (+26.7% with 90,526 rooms). There were no segments that reported a decrease.

Two segments reported increases in rooms under construction of 25% or more: the Upscale segment (+36.4% with 31,566 rooms) and the Upper Midscale segment (+29.6% with 25,682 rooms). There were no segments that reported a decrease in rooms under construction.