U.S. Hotel Development Pipeline Drops 8.3 Percent in September
By James Shillinglaw
October 15, 2012 10:21 PM
The total active U.S. hotel development pipeline has 2,598 projects totaling 289,145 rooms, according to the September 2012 STR Global/McGraw Hill Construction Dodge Pipeline Report. This represents an 8.3-percent decrease in the number of rooms in the total active pipeline compared to September 2011. 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 Top 10 Markets by rooms in the In Construction phase, Los Angeles-Long Beach, California, reported the largest increase in rooms under construction, rising 208.2 percent with 1,005 rooms. Four other markets reported increases in rooms under construction of more than 10 percent: Denver (up 105.8 percent with 1,245 rooms); Atlanta (up 81.2 percent with 685 rooms); Chicago (up 67.8 percent with 1,775 rooms); and New York City (up 27.2 percent with 9,354 rooms). Washington, D.C., reported the largest decrease in rooms under construction, falling 87.6 percent to 2,948 rooms.
Elsewhere in the world The Middle East/Africa hotel development pipeline comprises 493 hotels totaling 122,942 rooms. 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.
Year-to-date 2012, 46 hotels opened in the region with 10,510 rooms. In the remainder of 2012, 72 more hotels are expected to open with 18,072 rooms. The most rooms are expected to open in the unaffiliated segment (21 hotels with 6,501 rooms), the luxury segment (14 hotels with 3,684 rooms) and the upper upscale segment (12 hotels with 3,275 rooms).
During 2013, the region is expecting 150 hotels to open with 37,349 rooms. The upper upscale segment is expected to add the most rooms with 9,870 rooms in 35 hotels, followed by the upscale segment (8,003 rooms in 36 hotels) and the unaffiliated segment (7,687 rooms in 32 hotels).
The Europe hotel development pipeline comprises 876 hotels totaling 141,554 rooms. Among the markets in the region, Manchester, United Kingdom, reported the largest expected room growth (up 29 percent) if all 3,788 rooms in the total active pipeline were to open. Other markets to report a significant expected room growth: Birmingham, U.K. (up 19.4 percent with 2,117 rooms); Moscow, Russia (up 14.8 percent with 5,398 rooms); Edinburgh, Scotland (up 14 percent with 1,547 rooms).
The Asia/Pacific hotel development pipeline comprises 1,671 hotels totaling 377,397 rooms. Among the region’s countries, India and the Philippines reported the largest expected room growths (up 29.8 percent) if all the rooms in their respective total active pipelines were to open. India has 54,738 rooms in its total active pipeline, while the Philippines have 11,369 rooms.
Four other countries reported more than 10-percent expected room growth: Indonesia (up 23.4 percent with 27,684 rooms in the total active pipeline); Vietnam (up 23.2 percent with 10,338 rooms); China (up 14.5 percent with 214,971 rooms); and Malaysia (up 11.7 percent with 12,808 rooms).
























