CoStar: Planning Phase Activity Remains Up For U.S. Hotel Pipeline
WASHINGTON—Activity in the planning phases of the U.S. hotel pipeline remains up, while rooms in construction decreased after two months of gains, according to CoStar’s December 2023 data. U.S. Hotel PipelineDecember 2023 Percentage change from December 2022:In construction: 152,114 rooms (down 4.5 percent)Final Planning: 255,039 rooms (up 19.7 percent)Planning: 318,597 rooms (up 32.7 percent) “The number of rooms in construction fell in December following a nearly 7 percent increase in October that held steady through […]
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