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STR reports US hotel pipeline for July

September 1, 2014 Statistics & Trends No Comments Email Email

There are 3,228 hotels totaling 388,359 rooms Under Contract in the United States, according to the July 2014 STR Pipeline Report. This represents a 12.3-percent increase in the number of rooms Under Contract compared with July 2013 and a 43.5-percent increase in rooms under construction. The rooms Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

Among the Chain Scale segments, the Upper Upscale segment reported the largest year-over-year increase in rooms Under Contract (+26.9 percent) with 28,094 rooms. Two other segments reported double-digit increases in rooms Under Contract: the Upper Midscale segment (+17.8 percent to 114,277 rooms) and the Upscale segment (+10.8 percent to 104,047 rooms). The Luxury segment recorded the only decrease in rooms Under Contract, falling 5.1 percent to 7,260 rooms.

The Upscale segment (+53.1 percent to 42,014 rooms) and the Unaffiliated segment (51.9 percent to 15,259 rooms) reported the largest year-over-year growth of rooms under construction. The Luxury segment ended the month with the only decrease in rooms under construction, falling 23.8 percent to 3,572 rooms.

To see complete media release with table, open the attached Word document.

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