April rooms under construction increased 18.5 percent compared with April 2012 but were slightly down from March 2013 in the US. The Europe hotel development pipeline comprises 814 hotels totalling 134,912 rooms, according to the April 2013 STR Global Construction Pipeline Report.
HENDERSONVILLE, TENNESSEE – The total active U.S. hotel development pipeline comprises 2,700 projects totaling 319,482 rooms, according to the April 2013 STR Pipeline Report. This represents a 9.2-percent increase in the number of rooms in the total active pipeline compared with April 2012, and an 18.5-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.
“April rooms under construction increased 18.5 percent compared with April 2012 but were slightly down from March 2013,” said Bobby Bowers, senior VP of operations at STR. “Not surprisingly, Upscale and Upper Midscale rooms dominated the construction numbers, accounting for more than 46,000 rooms, or 64 percent of all U.S rooms that have broken ground. Upscale rooms under construction soared roughly by 42 percent from April 2012, while Upper Midscale rooms increased by a solid 10 percent. Also noteworthy, the Luxury segment’s number of rooms under construction increased to 4,683 in April 2013, over four times higher than the April 2012 figure.”
Among the Chain Scale segments, the Luxury segment reported the largest increase in rooms in the total active pipeline, rising 60.5 percent with 7,451 rooms. Two other segments reported double-digit growth in rooms in the total active pipeline: the Upscale segment (+25.0 percent with 89,868 rooms) and the Upper Upscale segment (+10.4 percent with 18,292 rooms). The Upper Midscale segment (92,050) and the Unaffiliated segment (90,950 rooms) reported the largest number of rooms in the total active pipeline. The Midscale segment reported the largest decrease in rooms in the total active pipeline, falling 28.8 percent with 16,964 rooms.
Three segments achieved double-digit growth in the number of rooms under construction: the Luxury segment (+314.4 percent with 4,683 rooms); the Upscale segment (+41.5 percent with 25,380 rooms); and the Upper Midscale segment (+10.0 percent with 20,771 rooms). The Upper Upscale segment posted the largest decrease in rooms under construction, falling 11.0 percent with 6,952 rooms.
Europe hotel pipeline for April
The Europe hotel development pipeline comprises 814 hotels totalling 134,912 rooms, according to the April 2013 STR Global Construction Pipeline Report. 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.
Year-to-date, 67 hotels have opened in the region with 8,957 rooms. In the remainder of 2013, 215 more hotels are expected to open with 34,826 rooms. The Upscale segment is expected to open the most new rooms with 7,203 rooms in 44 hotels, followed by the Upper Midscale segment (42 hotels with 6,823 rooms) and the Upper Upscale segment (24 hotels with 5,888 rooms).
In 2014, the region expects 233 hotels to open with 40,951 rooms. The Upscale segment is planning the most rooms to open with 10,183 rooms in 57 hotels. Three other segments are expected to open more than 5,000 rooms each: the Upper Midscale segment (53 hotels with 8,827 rooms); the Upper Upscale segment (37 hotels with 7,863 rooms); and the Unaffiliated segment (34 hotels with 5,517 rooms).
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
