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
| Jul 18, 2014
Top Contractors [2014 Giants 300 Report]
Turner, Whiting-Turner, Skanska top Building Design+Construction's 2014 ranking of the largest contractors in the United States.
| Jul 18, 2014
Engineering firms look to bolster growth through new services, technology [2014 Giants 300 Report]
Following solid revenue growth in 2013, the majority of U.S.-based engineering and engineering/architecture firms expect more of the same this year, according to BD+C’s 2014 Giants 300 report.
| Jul 18, 2014
Top Engineering/Architecture Firms [2014 Giants 300 Report]
Jacobs, AECOM, Parsons Brinckerhoff top Building Design+Construction's 2014 ranking of the largest engineering/architecture firms in the United States.
| Jul 18, 2014
Top Engineering Firms [2014 Giants 300 Report]
Fluor, Arup, Day & Zimmermann top Building Design+Construction's 2014 ranking of the largest engineering firms in the United States.
| Jul 18, 2014
Top Architecture Firms [2014 Giants 300 Report]
Gensler, Perkins+Will, NBBJ top Building Design+Construction's 2014 ranking of the largest architecture firms in the United States.
| Jul 18, 2014
2014 Giants 300 Report
Building Design+Construction magazine's annual ranking the nation's largest architecture, engineering, and construction firms in the U.S.
| Jul 17, 2014
A new, vibrant waterfront for the capital
Plans to improve Washington D.C.'s Potomac River waterfront by Maine Ave. have been discussed for years. Finally, The Wharf has started its first phase of construction.
| Jul 14, 2014
Meet the bamboo-tent hotel that can grow
Beijing-based design cooperative Penda designed a bamboo hotel that can easily expand vertically or horizontally.
| Jul 10, 2014
BioSkin 'vertical sprinkler' named top technical innovation in high-rise design
BioSkin, a system of water-filled ceramic pipes that cools the exterior surface of buildings and their surrounding micro-climates, has won the 2014 Tall Building Innovation Award from the Council on Tall Buildings and Urban Habitat.
| Jul 9, 2014
Dragon-inspired hotel conveys Vietnamese hospitality [2014 Building Team Awards]
An international Building Team unites to create Vietnam’s first JW Marriott luxury property.
