Q1 2023 U.S. Hotel Construction Pipeline Strengthens

The latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics reported second quarter 2023 hotel projects totaled 5,572, increasing 7% compared to the same period in 2022. Total hotel rooms under construction rose 6% from Q2 2022 to 660,061. Projects in the early planning stages decreased 6.4% from Q1 to 2,278 with 257,785 rooms. Renovations and conversions were mostly unchanged over the prior year, with 1,939 projects and 253,473 rooms. See Lodging Econometrics

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