Lodging Econometrics: U.S. Hotel Construction Pipeline Reaches Record High Project Counts
According to the 2023 year-end U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE), the pipeline stood at 5,964 projects/693,963 rooms. The pipeline hit record project counts in Q4, with the addition of 260 projects and 21,287 rooms over the last quarter, a 9 percent increase in projects, and a 7 percent increase in rooms year-over-year (YOY). The previous project count high was Q2 2008 with 5,883 projects. At the close of 2023’s fourth quarter, […]
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