financeLodging Magazine··1 min·For: Owner, Investor, GM, Revenue, IT
U.S. Hotel Development Activity Remains Steady in Q1 2024
Lodging Econometrics reports that the U.S. hotel construction pipeline reached 6,065 projects in Q1 2024, a 9% year-over-year increase driven by the upscale and upper-midscale segments.
Key Takeaways
- 1Monitor the surge in upscale and upper-midscale projects, which comprise 63% of the total U.S. pipeline.
- 2Anticipate increased competition in 2024–2025 as projects under construction rose 9% year-over-year.
- 3Track market-specific growth in Dallas, Atlanta, and Nashville, which lead the nation in total pipeline volume.
Source: Lodging Magazine
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