Lodging Econometrics: U.S. Hotel Construction Pipeline Continues to Grow in Q2 2025
🏨 At the end of Q2 2025, U.S. hotel construction pipeline has 6,280 projects/737,036 rooms, up 3% YOY. 1,120 projects/138,776 rooms are under construction. Upper midscale leads with 2,282 projects/219,875 rooms. Extended-stay brands make up 39% of projects. By 2025's end, 293 new extended-stay hotels/30,341 rooms will open. 329 hotels/39,628 rooms opened in H1 2025. 2025 forecasts 735 new hotels/84,788 rooms, a 1.5% growth. 2026 anticipates 823 hotels/89,073 rooms, and 2027 forecasts 902 hotels/96,242 rooms.
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