10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

CoStar: U.S. Hotel Rooms Under Construction Increases for Seventh Consecutive Month

  • LODGING Staff
  • 23 October 2024
  • 1 minute read
Total
0
Shares
0
0
0

This article was written by Lodging Magazine. Click here to read the original article

image

WASHINGTON—The volume of U.S. hotel rooms under construction increased year over year for a seventh consecutive month, according to CoStar’s latest September 2024 data.

U.S. Hotel Pipeline
September 2024
Percentage change from September 2023:
In construction: 157,253 rooms (up 7.0 percent)
Final planning: 268,190 rooms (up 10.4 percent)
Planning: 336,205 rooms (up 38.4 percent)

“Growth in rooms in construction has accelerated over the last seven months,” said Isaac Collazo, STR’s VP, analytics. “Despite higher interest rates throughout 2024, developer appetite has remained strong. With the recent rate cut in September, and with more on the way, investor sentiment remains positive, as evidenced by continued double-digit growth across the planning and final planning stages of the pipeline. Upscale and upper midscale continue to account for about 50 percent of all rooms in the final phase of the pipeline, while luxury and midscale showed the highest growth in rooms in construction, up 48.5 percent and 34.5 percent, respectively.”

Chain Scale Segments (Percentage of existing supply, in-construction room count):

  1. Luxury (5.6 percent, 8,508 rooms)
  2. Upper Upscale (2.6 percent, 18,156 rooms)
  3. Upscale (4.2 percent, 38,401 rooms)
  4. Upper Midscale (3.4 percent, 40,255 rooms)
  5. Midscale (2.9 percent, 14,902 rooms)
  6. Economy (1.2 percent, 7,653 rooms)

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Market Trends

CBRE Survey Finds Slight Decline in U.S. Cap Rates

  • LODGING Staff
  • 25 August 2025
View Post
  • Market Trends

Summer camp is over for lodging companies

  • David Eisen
  • 25 August 2025
View Post
  • Market Trends

APAC travel shifts from spontaneous getaways to purposeful journeys

  • Automatic
  • 25 August 2025
View Post
  • Market Trends

The trends redefining travel choices in 2025

  • phocuswright.com
  • 22 August 2025
View Post
  • Market Trends

Intra-European travel leads 2025’s revenue gains

  • phocuswright.com
  • 22 August 2025
View Post
  • Market Trends

Three charts that reveal how digital sources shape destination decisions

  • phocuswright.com
  • 22 August 2025
View Post
  • Market Trends

Craft Lodging: Why Travelers Are Craving Authentic Experiences More Than Ever

  • Mark Reichle
  • 22 August 2025
View Post
  • Market Trends

August bank holiday trips expected to boost UK economy by £4.1bn

  • Cynera Rodricks
  • 22 August 2025
Sponsored Posts
  • 2025 SOCIETIES Quaterly 3

    View Post
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
Last Posts
  • CBRE Survey Finds Slight Decline in U.S. Cap Rates
    • 25 August 2025
  • More Than a Motto: Red Roof President Zack Gharib Delivers on ‘Genuine Relationships, Real Results’
    • 25 August 2025
  • Almost a third of Walmart’s profit now comes from selling ads
    • 25 August 2025
  • ECHO Suites Extended Stay by Wyndham Reno Opens
    • 25 August 2025
  • Why Starbucks’ Store Strategy is a Masterclass in Experience-Driven Innovation
    • 25 August 2025
Sponsors
  • 2025 SOCIETIES Quaterly 3
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.