U.S. Hotel Construction Pipline Down 31.2% from One Year Ago

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According to the April 2010 STR/TWR/Dodge Construction Pipeline Report released this week, the total active U.S. hotel development pipeline comprises 3,512 projects totaling 367,080 rooms. This represents a 31.2-percent decrease in the number of rooms in the total active pipeline compared to April 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 Economy segment reported the largest decrease in rooms in the total active pipeline, falling 62.2 percent to 6,627 rooms. The Luxury segment (-50.0 percent with 5,424 rooms) and the Upper Upscale segment (-40.6 percent with 18,842 rooms) also reported large decreases in rooms in the total active pipeline. The Unaffiliated segment ended the month with the smallest decrease in rooms in the total active pipeline, falling 23.9 percent to 116,495. The Midscale without Food and Beverage segment reported the largest number of rooms in the total active pipeline with 119,742 rooms; the Luxury segment reported the smallest number with 5,424.

U.S. pipeline by Chain Scale segment (number of rooms and percent change April 2010 vs. April 2009):

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