Lodging Econometrics: U.S. Construction Pipeline Continues Moderate Growth
According to the most recent Construction Pipeline Trend Report for the United States by Lodging Econometrics (LE), at the close of Q3 2023, the total U.S. construction pipeline stood at 5,704 projects/672,676 rooms, up 7 percent year-over-year (YOY) by projects and rooms. The hotel construction pipeline continues to grow at a moderate pace with current project counts 3 percent below and rooms 14 percent below the all-time high of 5,883 projects/785,547 rooms reached in Q2 […]
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