LE: U.S. pipeline hits record 6,378 projects in Q4

U.S. HOTEL CONSTRUCTION reached record levels in the fourth quarter of 2024, with 6,378 projects and 746,986 rooms in the pipeline, according to Lodging Econometrics’ latest Hotel Construction Pipeline Trend report.
This reflects 7 percent year-over-year growth in projects and an 8 percent increase in rooms.

The U.S. hotel pipeline showed strong activity across all stages, LE said.

Projects under construction totaled 1,149, with 142,238 rooms, a significant year-over-year increase, the report said. Furthermore, 2,259 projects with 259,108 rooms are scheduled to break ground in the next 12 months. Early
planning reached a record high with 2,970 projects and 345,640 rooms, marking 15 percent growth in projects and a 19 percent rise in rooms compared to the previous year.