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US, Canada pipeline down in June: STR

The pipeline in both the U.S. and Canada was down in June compared to the previous year according to the STR/McGraw Hill Construction Dodge Pipeline Report.

The total active U.S. hotel development pipeline comprises 2,741 projects totaling 296,333 rooms. This represents a 6.7% decrease in the number of rooms in the total active pipeline compared to June 2011.

Among the chain scale segments, the luxury segment reported the largest increase in rooms in the total active pipeline, up 54.4% to 6,358 rooms. The economy segment was the only other segment to report an increase in rooms in the total active pipeline, up 21.5% to 4,223 rooms. The upper upscale segment experienced the largest decrease in rooms in the total active pipeline, falling 23.6% to 17,181 rooms.

Five of the seven chain scale segments reported increases in the number of rooms in the in construction phase. The upscale segment reported an increase of 52.9% in rooms under construction with 18,692 rooms, followed by the economy segment, up 40.8% to 1,191 rooms and the luxury segment, up 30.5% with 1,070 rooms. The midscale segment, down 25.9% with 2,498 rooms ended the month with the largest decrease in rooms under construction.

Canada

Canada’s hotel development pipeline comprises 196 projects totaling 20,506 rooms. This represents a 4% decrease in the number of rooms in the total active pipeline compared to June 2011.

Among the chain scale segments, the luxury segment experienced the largest increase in rooms in the active pipeline, jumping 252% to 711 rooms, followed by the economy segment, up 84.9% with 673 rooms and the upper upscale segment, up 79.4% with 452 rooms. The unaffiliated segment, down 20.8% with 7,523 rooms and the upscale segment, down 16.3% with 5,050 rooms ended the month with the largest decreases in rooms in the total active pipeline.

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