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
| Mar 24, 2014
Snøhetta unveils plans for serpentine mountain hotel
The winding hotel and apartment building will be built between the mountains and the sea in remote Glåpen, Norway.
| Mar 21, 2014
Forget wood skyscrapers - Check out these stunning bamboo high-rise concepts [slideshow]
The Singapore Bamboo Skyscraper competition invited design teams to explore the possibilities of using bamboo as the dominant material in a high-rise project for the Singapore skyline.
| Mar 20, 2014
Common EIFS failures, and how to prevent them
Poor workmanship, impact damage, building movement, and incompatible or unsound substrate are among the major culprits of EIFS problems.
| Mar 20, 2014
D.C. breaks ground on $2B mega waterfront development [slideshow]
When complete, the Wharf will feature approximately 3 million sf of new residential, office, hotel, retail, cultural, and public uses, including waterfront parks, promenades, piers, and docks.
| Mar 17, 2014
Rem Koolhaas explains China's plans for its 'ghost cities'
China's goal, according to Koolhaas, is to de-incentivize migration into already overcrowded cities.
| Mar 13, 2014
Austria's tallest tower shimmers with striking 'folded façade' [slideshow]
The 58-story DC Tower 1 is the first of two high-rises designed by Dominique Perrault Architecture for Vienna's skyline.
| Mar 12, 2014
London grows up: 236 tall buildings to be added to skyline in coming decade, says think tank
The vast majority of high-rise projects in the works are residential towers, which could help tackle the city's housing crisis, according to a new report by New London Architecture.
| Mar 12, 2014
14 new ideas for doors and door hardware
From a high-tech classroom lockdown system to an impact-resistant wide-stile door line, BD+C editors present a collection of door and door hardware innovations.
| Mar 5, 2014
5 tile design trends for 2014
Beveled, geometric, and high-tech patterns are among the hot ceramic tile trends, say tile design experts.
| Feb 25, 2014
NYC's Hudson Spire would be nation's tallest tower if built
Design architect MJM + A has released an updated design scheme for the planned 1,800-foot-tall, superthin skyscraper.
