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South Florida

Number of hotel rooms declines nationwide

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The number of hotel rooms in the pipeline in the U.S. is on the decline. There was a 30.3 percent decrease in the number of rooms year-over-year, according to the May 2010 STR/TWR/Dodge Construction Pipeline report released this week. The pipeline comprises 3,447 projects totaling 264,612 rooms, which includes projects in the initial planning, final planning and construction stages. Out of seven groups on a chain scale, the economy class experienced the largest decrease in total pipeline activity, with a 64.1 percent drop in the number of rooms between May 2009 and May 2010, bringing the current total to 5,824 rooms. All chain scale segments reported decreases in the number of guestrooms under construction, including four segments reporting declines of 60 percent or more. TRD