U.S. Hotel Pipeline Up Nearly 16 Percent
The 333,775 rooms in the U.S. hotel development pipeline represent an increase of 15.6 percent over this time last year, according to the September 2013 STR Pipeline Report. The steepest increase is found in the upper upscale segment, which rose 45.5 percent year-over-year, to 22,689 rooms. The luxury segment, on the other hand, actually posted a decrease, down 18.4 percent, to 6,848 rooms. As for rooms already under construction, the upscale segment shot up by 51.8 percent, with more than 30,500 rooms in the construction phase; the midscale segment saw a 35.2 percent increase in rooms under construction, while the upper midscale segment saw a 25 percent rise.