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STR reports US hotel pipeline for June 2013

July 17, 2013 Statistics & Trends No Comments Email Email

The total active U.S. hotel development pipeline comprises 2,724 projects totaling 327,293 rooms, according to the June 2013 STR Pipeline Report. This represents a 10.5-percent increase in the number of rooms in the total active pipeline compared with June 2012 and a 28.0-percent increase in rooms under construction.

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 25 Markets, New York, New York, reported the largest number of rooms under construction with 11,143, which represents a 34.6-percent increase in rooms under construction when compares to June 2012. Three other markets reported more than 2,000 rooms under construction: Orlando, Florida (2,958 rooms); Washington, D.C. (2,948 rooms); and Los Angeles-Long Beach, California (2,132 rooms).

Three markets reported more than 100-percent increases in room under construction in year-over-year comparisons: Anaheim-Santa Ana, California (+402.7 percent with 935 rooms); Houston (+152.1 percent with 1,669 rooms) and Los Angeles-Long Beach (+149.4 percent with 2,132 rooms).

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

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