According to the April 2011 STR/ McGraw Hill Construction Dodge Pipeline Report, released earlier this week, there is over 3,000 total active U.S. hotel development projects underway. These numbers reveal good news—that the existing hotel room supply continues to grow. The report states that 322,423 hotel rooms are currently in the planning stages or under construction, as the poll does not factor in projected buildings in pre-planning phases.

This comes after disconcerting lows earlier this year. In January 2011 the pipeline bottomed out at 317,157 hotel rooms. But the most recent report provides hope that the new construction of hotels may be ready for a recovery. Though this April’s report shows a12 percent decline from 2010 and a 31 percent decline from 2009, the totals are encouraging compared to where the market was at the beginning of this year.

The newest findings also explain that the present numbers might be a result of building decisions made in 2007 through 2009. The overbuilding of hotel rooms during that time period produced the consequential lag in recent years. Despite the positive turn, the total hotel rooms in construction will continue to decline until the planning stage picks up—and this is currently being restricted by limited access to financing.

Decorator Industries has supplied quality hotel window treatments and bed coverings to the hotel industry for over 20 years. Internationally recognized hotel brands depend on Decorator Industries’ services and beautiful design solutions for their hotel room décor.  New hotel room construction is just a small part of the overall hospitality market. There may be up to 4.9 million hotel rooms that require refurbishment every five to seven years. To meet your needs, our expert decorating team is available around the clock to provide quick quoting, custom-tailored design and efficient installation. If you are building or remodeling your hotel, call Decorator Industries today for more information on how we can enhance your hospitality brand—954-436-8909.

Related posts:

1. Latest Report Shows U.S. Hotel Growth