THE total active US hotel development pipeline comprises 2,951 projects totaling 315,668 rooms, according to the August 2011 STR/McGraw Hill Construction Dodge Pipeline Report.
This represents a 12.4-per-cent decrease in the number of rooms in the total active pipeline compared to August 2010. The data includes projects in the in construction, final planning and planning stages, but does not include projects in pre-planning.
Among the US regions, three reported an increase of 20 per cent or more in rooms under construction: Pacific (up 38.9 per cent with 4,260 rooms), East South Central (up 32.2 per cent with 3,611 rooms) and West North Central (up 31.5 per cent with 3,418 rooms). The Mountain region fell 45.7 per cent to 3,158 rooms in the in construction phase, followed by the West South Central region with a 43.8-per cent decrease to 7,812 rooms in the in construction phase.
“We continue to see a high number of rooms under construction in key US markets such as New York (pictured), Orlando, Miami and Washington DC, that are adding to new supply in their respective regions,” said Duane Vinson, vice president of client services at STR. “If you look at the number of projects and rooms in the overall active pipeline, however, it shows activity has slowed significantly in all areas.”
The Pacific region reported the largest decrease in rooms in the total active pipeline, falling 20.3 per cent to 35,240 rooms, followed by the East North Central region (down 14.6 per cent with 24,517 rooms) and the East South Central region ( down 13.6 per cent with 20,177 rooms).
No US regions showed positive growth in the pipeline.