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STR Global reports US hotel development pipeline report for May 2010

According to the May 2010 STR/TWR/Dodge Construction Pipeline Report, the total active US hotel development pipeline comprises 3,447 projects totalling 3,64,612 rooms. This represents a 30.3-per cent decrease in the number of rooms in the total active pipeline compared to May 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 Unaffiliated segment (-23.1 per cent with 1,15,271 rooms) and the Midscale without Food and Beverage segment (-25.8 per cent with 1,17,031) reported the smallest decrease in rooms in the total active pipeline. The Economy segment posted the largest decrease in rooms in the total active pipeline, falling 64.1 per cent to 5,824 rooms, followed by the Luxury segment with a 44 per cent decrease to 5,940 rooms.


All seven of the Chain Scale segments reported decreases in the number of guestrooms in the In Construction phase, including four segments reporting declines of 60 per cent or more: the Upscale segment (-63.9 per cent with 15,578 rooms); the Luxury segment (-61.5 per cent with 2,367 rooms); the Upper Upscale segment (-60.2 per cent with 6,645 rooms); and the Economy segment (-60 per cent with 2,576 rooms).


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