Q4 2022 U.S. Hotel Construction Pipeline Strengthens

The latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics reported fourth-quarter 2022 hotel projects totaled 5,465, up 14% compared to the same period in 2021. Total hotel rooms under construction rose 12% from Q4 2021 to 650,626. Projects in the early planning stages hit a record of 2,348 with 279,912 rooms, increasing from 2021 18% and 17%, respectively. Renovations and conversions also grew, with projects soaring 53% to 1,930 and rooms jumping 45% to 250,267 over the prior year. See Lodging Econometrics

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