The U.S. hotel industry during 2011 opened 373 new properties with 38,409 rooms, which resulted in a 0.5% increase in existing room supply, according to data from the STR/McGraw Hill Construction Dodge Pipeline Report.
“In December 2010 there were 75,747 rooms projected to open in the United States in 2011,” said Duane Vinson, vice president of database content and integrity at STR. “At the conclusion of the year, 38,409 have opened, or 50.8% of those expected, which resulted in net supply increase of 0.5%.”
Among the chain scale segments, the upper midscale segment opened the most rooms in 2011 with 172 projects and 15,579 rooms. The segment reported a 36.6% decrease in the number of rooms that opened in 2011 compared to 2010. The upper midscale segment was followed by the upscale segment, which opened 64 properties with 8,557 rooms in 2011 and the midscale segment, which opened 45 properties with 4,051 rooms. The luxury segment opened the smallest number of new rooms in 2011 (two properties with 1,261 rooms).
“As we bring an end to 2011, there are 70,291 rooms on schedule to open in 2012, of which 40,371 are currently under construction,” Vinson continued. “With a significant number of rooms in final planning (110,836) and a 7.9% increase in pre-planning rooms from last month, we continue to closely monitor overall development for a pickup in supply in the next few years.”
Properties and Rooms opened in 2011 by Chain Scale segment
|
Chain Scale Segment |
Properties opened in 2011 |
Rooms opened in 2011 |
|
Luxury |
2 |
1,261 |
|
Upper Upscale |
12 |
3,738 |
|
Upscale |
64 |
8,557 |
|
Upper Midscale |
172 |
15,579 |
|
Midscale |
45 |
4,051 |
|
Economy |
29 |
1,691 |
|
Independent |
49 |
3,532 |
|
Total U.S. |
373 |
38,409 |
Source: STR
In 2012, the U.S. hotel industry is expecting 649 properties to open with 70,291 rooms. Among the chain scale segments, the upper midscale segment is expected to open the largest number of rooms in 2012 with 249 properties and 24,269 rooms. The midscale segment (169 properties with 13,179 rooms) and the upscale segment (129 properties with 18,276 rooms) also are expected to open a significant number of new rooms in 2012.
Canada
In 2011, 34 new properties comprising 3,377 rooms opened in Canada. This represents a 1% increase in new supply over last year.
Among the Chain Scale segments, the Upper Midscale segment reported the most new rooms, opening 14 properties with 1,328, followed by the Upscale segment with six properties and 884 rooms. The economy segment reported the largest increase (135.8%) in new rooms, compared to 2010, with six properties opening with 408 rooms.
In 2012, there are 46 properties expected to open in Canada with 6,206 rooms. The upper midscale segment is expected to open the most rooms with 19 projects and 2,051 rooms, followed by the unaffiliated segment (12 properties with 1,767 rooms) and the upscale segment (eight properties with 1,369 rooms).
In December 2011, the Canadian hotel development pipeline comprised 187 projects totaling 20,957 rooms. This represents a 4% decrease in the number of rooms in the total active pipeline compared to December 2010.
Properties and rooms opened in 2011 by Chain Scale segment
|
Chain Scale segment |
Properties opened in 2011 |
Rooms opened in 2011 |
|
Luxury |
1 |
267 |
|
Upper Upscale |
0 |
0 |
|
Upscale |
6 |
884 |
|
Upper Midscale |
14 |
1,328 |
|
Midscale |
5 |
398 |
|
Economy |
6 |
408 |
|
Independent |
2 |
92 |
|
Total |
34 |
3,377 |
Source: STR/McGraw Hill Construction Dodge Pipeline Report