The U.S. hotel industry opened 373 new properties with 38,409 rooms in 2011, resulting in a 0.5 percent increase in existing room supply, according to data from STR/McGraw Hill Construction Dodge Pipeline Report. Among the chain scale segments, the upper midscale segment represented the most rooms in with 172 projects and 15,579 rooms.
“In December 2010 there were 75,747 rooms projected to open in the United States in 2011,” says Duane Vinson, VP, database content and integrity at STR. “At the conclusion of the year, 38,449 have opened, or 50.8 percent of those expected.” Vinson also notes that 70,291 keys are scheduled to come online in 2012.
