U.S. Hotel Construction Pipeline Kicks off Q1 2024 with Growth and Record&Highs

As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all&time high represents a 9% year&over&year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.