U.S. Hotel Rooms Under Construction Decline 5.4% Year Over Year in March 2026, CoStar Reports
🏨 U.S. hotel construction, March 2026: 136,990 rooms, down 5.4% year-over-year for the 15th consecutive month. Final Planning: 247,728 rooms (-9.3%), Planning: 333,467 rooms (-7.3%). Only 10 fewer hotels in construction compared to March 2025. Luxury segment grows 4.5%, with 8,039 rooms, while select-service leads in room count. Despite the downturn, pipeline movement shows more hotels advancing to construction stages. Arlington, Va., report by CoStar, a real estate information provider.
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