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Hotel Construction Pipeline Grows

Pack Your Bags: Hotel Construction Pipeline Grows

“For the fourth consecutive quarter, the construction pipeline for hotel projects in the United States has seen growth, according to the April 2023 Lodging Econometrics’ U.S. Construction Pipeline Trend Report. The first quarter of 2023 saw a pipeline increase of 9% year over year.

Additional findings in the report indicate 5,545 projects (658,207 rooms) at the close of the first quarter. Q1 also saw growth of hotel projects already under construction, scheduled for construction in the next year, and in the early planning stages—all of which account for 44% of the pipeline and set a record of 2,434 projects (276,274 rooms).

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Hotel Construction Pipeline Grows
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