STR Reports U.S. Hotel Pipeline for February 2010

The total active U.S. hotel development pipeline includes 3,551 projects comprising 368,740 rooms, according to the February 2010 STR/TWR/Dodge Construction Pipeline Report released this week

. This represents a 35.9-percent decrease in the number of rooms in the total active pipeline compared to February 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.

“We’re seeing comparable declines in room development across all regions of the country,” said Duane Vinson, vice president at STR. “The Mountain Region has posted the sharpest year-over-year decline due to a 75-percent (16,000-room) decline in the Las Vegas pipeline.”

Among the nine geographical U.S. regions, the Mountain region reported the largest year-over-year percent change in rooms in the total active pipeline, falling 95.3 percent to 32,701 rooms, followed by the East North Central region (-38.7 percent to 29,630 rooms) and the West South Central region (-38.1 percent to 59,793 rooms). The East South Central region (-37.6 percent to 24,077 rooms) and the South Atlantic region (-37.5 percent to 87,857 rooms) also posted large decreases in the number of rooms in the total active pipeline. The West North Central region ended the month with the smallest decrease of rooms in the total active pipeline, falling 7.3 percent to 15,542 rooms.


U.S. pipeline by region (rooms and projects and percent change Feb. 2010 vs. Feb. 2009):
Region
 Total Active Pipeline (projects) Feb. 2010
 Total Active Pipeline (projects) Feb. 2009
 % change
 Total Active Pipeline (rooms) Feb. 2010
 Total Active Pipeline (rooms) Feb.2009
 % change
Pacific
 375
 589
 -36.3%
47,286
69,765
 -32.2%
Mountain
 290
 521
 -44.3%
 32,701
 69,035
-95.3%
West North Central
 172
 247
 -30.4%
15,542
23,808
 -7.3%
West South Central
 693
 1,074
 -35.5%
59,793
 96,545
-38.1%
East North Central
 293
 462
 -36.6%
29,630
 48,303
-38.7%
East South Central
 274
 386
 -29.0%
24,077
 38,578
-37.6%
Middle Atlantic
 554
 658
 -15.8%
 57,554
68,578
 -16.1%
New England
 117
 168
 -30.4%
 14,300
 20,068
-28.7%
South Atlantic
 783
 1,285
 -39.1%
 87,857
 140,522
 -37.5%

* Includes those projects in the In Construction, Final Planning and Planning phases


About STR/TWR/Dodge Construction Pipeline Report:
The Pipeline Report is co-produced by Torto Wheaton Research, Dodge Construction, and dedicated pipeline team at STR. Available as an annual subscription or a local Market Supply Report, the Pipeline Report is a comprehensive look at new hotel development and existing supply in the U.S. and Canada.


About STR
STR provides clients —including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC and HotelNewsNow.com. For more information, please visit www.str.com.

Source: Smith Travel Research / Nevistas

More News:


My Trip

My Password Reset

To reset your password, please enter your email address below. An email containing further instructions will be immediately sent to the email address associated with your account.

OR

Register as Traveler

OR

Register as Local
Register as Tour Guide

OR

Close
Yes No
CONFIRM CHANGE TIME
Yes No

To top