U.S. Leads in Q2 Global Hotel Projects

The recently released second quarter Global Hotel Construction Pipeline Trend Report showed the United States led in worldwide hotel projects with 4,787 projects and 598,111 rooms, accounting for 36% of the world’s total. New York was the top city worldwide for hotel construction with 146 projects and 25,232 rooms and Los Angeles was in third place with 135 projects/22,586 rooms. Dallas and Atlanta rounded out the top five largest construction markets. The only non-US city in the top five was Chengdu, China, ranking second with 138 projects/28,009 rooms.  Year-over-year, the global pipeline was down 9% for projects and 7% for rooms.

By the end of 2021, a projected 2,802 new hotels will open with 414,696 rooms.  For 2022, the number is expected to rise to 3,122 hotels with 476,185 rooms.  See Lodging Econometrics

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