Hotel Intelligence
The U.S. Hotel Construction Pipeline Surpasses 6,200 Projects at Q3 2024
Lodging Econometrics | October 28, 2024
PORTSMOUTH, NH - October 28, 2024 According to the Q3 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. pipeline stands at 6,211 projects/722,821 rooms, up 9% by projects and 7% by rooms Year-Over-Year (YOY). This marks a new all-time high for projects in the U.S., surpassing previous pipeline records. At the close of the third quarter, there are 1,185 projects/148,716 rooms under construction, marking an 11% increase in projects and a 6% increase in rooms YOY. Projects scheduled to start construction in the next 12 months total 2,209 projects/251,797 rooms. Projects and rooms in early ...
Atlanta and Dallas Among Top Markets for New Hotel Openings Through 2025
Lodging Econometrics (LE) | August 2, 2023
August 2, 2023 – PORTSMOUTH, NH – According to the United States Construction Pipeline Trend Report by Lodging Econometrics (LE) for Q2 2023, the five markets with the largest hotel construction pipelines are Dallas with a record-high 184 projects/21,501 rooms, Atlanta with 141 projects/17,993 rooms, Phoenix with 119 projects/16,107 rooms, Nashville with 116 projects/15,346 rooms, and Los Angeles with 112 projects/17,797 rooms. The markets with the most projects currently under construction at the Q2 close are New York with 47 projects/8,201 rooms, and Phoenix with 29 projects/6,064 rooms. Dallas has the most projects scheduled to st...
U.S. Hotel Profit Stuck in Neutral; Rest of World Switches Gears
HotStats | October 27, 2020
Bouncing back to profitability is proving a Sisyphean task for U.S. hotels. The rest of the world is having a slightly easier path. For the seventh consecutive month, U.S. hotels in September remained in negative gross operating profit per available room territory and at $-9.19, it was a 34% regression from the month prior and a 109.6% year-over-year decrease, according to new data from HotStats. September and into October are typically strong months for U.S. hotels, but the data show that YOY comparison is becoming less and less reliable as the pandemic soldiers on. Dwindling profit appears to be a function of unrelenting expenses, ...
