U.S. Hotel Pipeline Down 30 Percent in May

The total U.S. hotel development pipeline revealed a 30.3 percent year-over-year decrease in the number of rooms, according to the May 2010 STR/TWR/Dodge Construction Pipeline Report. The active pipeline includes 3,447 projects, or 364,612 rooms. The smallest development decreases occurred in the "unaffiliated" and "midscale without food and beverage" segments, which were down 23.1 percent and 25.8 percent, respectively. The most severe drop was experienced in the economy segment, in which the number of rooms in development fell 64.1 percent.