UNITED STATES The total active U.S. hotel development pipeline comprises 3,049 projects totaling 317,343 guestrooms, a 20.9% decrease from a year ago.
The total active pipeline data includes projects in the construction, final planning and planning stages, but does not include projects in pre-planning. The data comes from the December STR/McGraw Hill Construction Dodge Pipeline Report.
“New York City’s rooms under construction continue to lead the charge with the most number of rooms and highest percentage increase in new supply,” says Lana Yoshii, STR’s vice president of content management. “Its 6,000 rooms under construction are almost twice the number of rooms under construction in Washington, D.C. Only five markets—New York; Washington, D.C.; Orlando; Houston; and Dallas—have at least 1,000 rooms under construction, compared to 11 markets in December 2009. Overall, hotel construction activity has moderated considerably, which is a promising sign for hotel operators still working to induce demand after these difficult economic times.”
Among the top 10 markets by number of guestrooms in construction, Houston and Atlanta report the largest decrease, each dropping 58% to 1,602 and 993 guestrooms, respectively. Two of the markets ended the month with increases in guestrooms in construction: Washington (up 24%, with 3,135 guestrooms) and Orlando (up 12% with 2,143 guestrooms).