There are 3,228 hotels totaling 388,359 rooms Under Contract in the United States, according to the July 2014 STR Pipeline Report. The Central/South America hotel development pipeline comprises 384 hotels totalling 62,958 rooms, while the Caribbean/Mexico hotel development pipeline comprises 167 hotels totaling 28,140 rooms.
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.
Central/South America pipeline
The Central/South America hotel development pipeline comprises 384 hotels totalling 62,958 rooms. The total 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, three each accounted for more than 20.0 percent of rooms Under Contract: the Upscale segment (23.3 percent with 14,696 rooms); the Midscale segment (22.3 percent with 14,022 rooms); and the Upper Midscale segment (22.2 percent with 13,970 rooms).
The Upscale segment made up the largest percent of rooms under construction (29.8 percent) with 7,289 rooms. Two other segments each accounted for more than 15.0 percent of rooms under construction: the Midscale segment (19.8 percent with 4,841 rooms) and the Upper Midscale segment (19.7 percent with 4,820 rooms).
Caribbean/Mexico hotel pipeline
The Caribbean/Mexico hotel development pipeline comprises 167 hotels totaling 28,140 rooms. This represents a 21.8-percent increase in rooms Under Contract, compared with July 2013, and a 23.2-percent increase in rooms under construction. The total rooms Under Contract include rooms in the In Construction, Final Planning and Planning stages but do not include rooms in the Unconfirmed stage.
Among the Chain Scale segments, the Luxury segment accounted for the largest portion of rooms Under Contract (21.4 percent) with 6,028 rooms. Three other segments each accounted for more than 15.0 percent of rooms Under Contract: the Upscale segment (20.9 percent with 5,887 rooms); the Upper Midscale segment (20.4 percent with 5,746 rooms); and the Unaffiliated segment (19.5 percent with 5,480 rooms).
The Luxury segment (29.0 percent with 3,715 rooms) and the Unaffiliated segment (25.3 percent with 3,242 rooms) made up the largest portion of rooms under construction in the region.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
