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March Report Shows Growth in U.S. Pipeline

Apr 15, 2013


The number of rooms in total U.S. active pipelines has increased by 9.2 percent compared with March 2012, according to the March 2013 STR Pipeline Report.

Totaling 2,717 projects and 320,750 rooms, the U.S. hotel development pipeline includes projects in construction, final planning, and planning stages. Rooms under construction have increased by 19.3 percent since last March.

“U.S. rooms under construction are concentrated in a limited number of markets,” says Bobby Bowers, senior VP of operations at STR. “The top ten markets under construction account for thirty-eight percent of current construction activity, and nearly one-half of all rooms now in construction are located in twenty-two markets. We expect supply growth pace will continue its measured acceleration and are forecasting a full-year 2013 net U.S. supply gain of about one percent.”

Among the top 25 markets, New York reported the largest number of rooms under construction with 10,247 rooms—representing a 34.4 percent increase since March 2012. Three other markets reported more than 2,000 rooms under construction: Washington, DC at 3,069 rooms; Orlando at 2,956 rooms; and Chicago at 2,694 rooms.





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