Q3 U.S. Hotel Construction Pipeline Strengthens

The latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics reported that third quarter hotel projects totaled 5,317, up 10% compared to the same period in 2021. Total hotel rooms under construction rose 6% from Q3 2021 to 629,489. Projects in the early planning stages hit a record of 2,256 with 257,545 rooms, a 14% and 7% increase over 2021, respectively. Renovations also grew, with projects jumping 36% to 1,881 and rooms soaring 50% to 239,914 over the prior year. See Lodging Econometrics

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