financeHospitalityNet··1 min·For: Owner, Investor, GM, Revenue, Ops
US Hotel Construction Pipeline Hits 6,020 Projects in Q1
The U.S. hotel construction pipeline reached 6,020 projects in Q1, driven by a record-high luxury segment and steady growth in midscale and upscale developments.
Key Takeaways
- 1Monitor the luxury segment which reached a record-high project count of 102 projects, up 16% year-over-year.
- 2Note the dominance of midscale and upscale segments, which currently comprise 75% of all projects in the construction pipeline.
- 3Capitalize on the conversion trend as hotel conversions rose to 1,461 projects, reflecting a 3% increase in project volume.
Source: HospitalityNet
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