U.S. Hotel Pipeline Declines 33% Since November 2008

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(HENDERSONVILLE, TN) -- According to the November 2009 STR/TWR/Dodge Construction Pipeline Report released this week, the total active U.S. hotel development pipeline includes 3,939 projects comprising 417,412 rooms.

This represents a 33.9-percent decrease in the number of rooms in the total active pipeline compared to November 2008. 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.

All nine of the U.S. geographic regions experienced significant declines in the number of rooms in the total active pipeline in year-over-year comparisons. The Pacific region reported the smallest decrease in the number of rooms in the total active pipeline, falling 21.9 percent to 54,812 rooms. The Mountain region experienced the largest decrease in rooms in the total active pipeline, down 45.0 percent to 43,611 rooms. Two other regions reported large decreases in rooms in the total active pipeline of 40 percent or more: the East South Central region (-43.0 percent to 25,007 rooms) and the East North Central region (-40.0 percent to 33,309 rooms).

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