Among the region’s key markets, London, England, reported the largest number of rooms under construction with 5,765 rooms. Four other markets ended the month with more than 1,500 rooms under construction: Istanbul, Turkey (4,489 rooms); Moscow, Russia (2,232 rooms), Berlin, Germany (2,225 rooms); and Amsterdam, Netherlands (1,763 rooms).
The Middle East/Africa hotel development pipeline comprises 525 hotels totalling 127,840 rooms. 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.
Among the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms in the total active pipeline (33.8 percent) with 43,183 rooms. Three other segments each accounted for more than 15 percent of rooms in the total active pipeline: the Upscale segment (19.7 percent with 25,213 rooms); the Luxury segment (19.7 percent with 25,150 rooms); and the Unaffiliated segment (16.6 percent with 21,260 rooms).
The Upper Upscale segment made up the largest portion of rooms under construction (37.5 percent) with 24,905 rooms, followed by the Luxury segment (21.3 percent with 14,142 rooms) and the Upscale segment (19.9 percent with 13,252 rooms).
The total active U.S. hotel development pipeline comprises 2,966 projects totaling 361,299 rooms. This represents a 17.6-percent increase in the number of rooms in the total active pipeline compared with January 2013 and a 31.1-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.
“Upscale and Upper Midscale segments continue to dominate all phases of the active U.S. development pipeline,” said Bobby Bowers, senior VP of operations at STR. “With nearly 64,000 rooms currently under construction, the two segments combined accounted for more than two of every three U.S. hotel rooms currently under construction. The Upper Upscale segment ranked third with nearly 8,000 rooms in the ground, an increase of over 12 percent versus prior year. All STR Chain Scale segments, with Luxury the lone exception, registered double-digit increases in room construction activity, versus January 2013.”
Among the Chain Scale segments, the Upper Upscale segment reported the largest increase in rooms in the total active pipeline, rising 61.6 percent over January 2013 to 24,783 rooms. Two other segments reported increases in rooms in the total active pipeline of more than 15 percent: the Upscale segment (+18.9 percent to 97,938 rooms) and the Upper Midscale segment (+16.3 percent to 102,496 rooms). The Luxury segment was the only segment to report a decrease in rooms in the total active pipeline, falling 3.7 percent to 7,645 rooms.
Four segments reported increases in rooms under construction of more than 20 percent: the Midscale segment (+51.1 percent to 5,100 rooms); the Upper Midscale segment (+46.1 percent to 28,842 rooms); the Upscale segment (+35.7 percent to 34,989 rooms); and the Economy segment (+20.9 percent to 1,167 percent). The Luxury segment fell 3.3 percent in rooms under construction to 4,577 rooms.
The Central/South America hotel development pipeline comprises 332 hotels totalling 53,587 rooms. This represents a 45.1-percent increase in rooms in the total active pipeline and a 62.6-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.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline (23.5 percent) with 12,590 rooms. Two other segments each accounted for 20 percent or more of rooms in the total active pipeline: the Midscale segment (21.1 percent with 11,324 rooms) and the Upper Midscale segment (20.0 percent with 10,698 rooms). The Luxury segment made up the smallest portion of rooms in the total active pipeline (6.4 percent) with 3,405 rooms.
The Upscale segment accounted for the largest portion of rooms under construction (30.1 percent) with 6,333 rooms, followed by the Upper Midscale segment (18.4 percent with 3,873 rooms) and the Midscale segment (17.3 percent with 3,642 rooms).
The Caribbean/Mexico hotel development pipeline comprises 160 hotels totaling 26,557 rooms. This represents a 30.0-percent increase in rooms in the active pipeline, compared with January 2013, and a 15.4-percent increase in rooms under construction. The total active pipeline includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.
Among the Chain Scale segments, the Upper Upscale segment reported the largest increase in rooms in the total active pipeline, rising 114.5 percent with 3,366 rooms, followed by the Midscale segment (+84.0 percent with 1,949 rooms) and the Upper Midscale segment (+50.9 percent with 4,918 rooms). The Luxury segment reported the only decrease in rooms in the total active pipeline, falling 6.0 percent with 6,520 rooms.
Looking specifically at the Under Construction stage, the Upper Midscale segment increased 114.1 percent with 2,124 rooms in rooms under construction, reporting the largest increase among the Chain Scale segments. The Upper Upscale segment (+64.0 percent with 946 rooms) and the Upscale segment (+32.4 percent with 1,909 rooms) also reported significant increases in rooms under construction. The Midscale segment posted the largest decrease in rooms under construction, falling 42.1 percent with 449 rooms.
