Hotels in Active Pipeline Down for October

The total number of guest rooms in the active U.S. hotel development pipeline dropped by more than one-fifth from last year, according to the October 2010 STR/TWR/Dodge Construction Pipeline Report released last week. The 341,041 rooms in the pipeline represent a 21.6 percent decrease from October 2009. The biggest change is the volume of rooms that are in active pipeline phases, according to STR: Upscale segment rooms under construction have dropped by 14,681 since last year. The most significant overall pipeline decreases from 2009 numbers were posted by the economy and luxury segments, which fell by 71.2 percent and 49.9 percent, respectively.