2024 U.S. Hotel Construction Breaks Record

The fourth quarter of 2024 U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics reported record-high figures, with hotel projects totaling 6,378 with 746,986 rooms, increasing 7% and 8%, respectively, over the same period in 2023. Projects in the early planning stages soared 15% from Q4 2023 to 2,970, with 19% more rooms for a historical high of 345,640. Hotel openings in 2024 rose 1.2% over 2023, with 583 new hotels and 67,995 rooms.

Hotel capacity in 2025 is projected to grow an additional 1.5%, with 730 new hotels and 82,538 rooms for the new year. See Lodging Econometrics

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