New figures show that the total active U.S. hotel development pipeline was down 12.4% year-on-year in August.
The pace of development varied greatly by region, according to the August 2011 STR/McGraw Hill Construction Dodge Pipeline Report. The Pacific, east south central and west north central regions of the U.S. saw increases over 30%. However, the mountain region fell 45.7% and the west south central regions fell 43.8%.
“We continue to see a high number of rooms under construction in key U.S. markets such as New York City, Orlando, Miami and Washington, D.C.,” said Duane Vinson, vice president of client services at STR. “If you look at the number of projects and rooms in the overall active pipeline, however, it shows activity has slowed significantly in all areas.”