Skip to content
Search

Latest Stories

CoStar: Americas lead global surge in first quarter pipeline activity

U.S. hotel room construction sees first year-over-year growth since June 2023

CoStar: Americas lead global surge in first quarter pipeline activity

THE AMERICAS STAND out as the sole global region to register a year-over-year surge in pipeline activity by the close of the first quarter, according to CoStar. Furthermore, the U.S. leads in room construction within the region, with approximately 156,525 rooms underway.

The volume of U.S. hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar's March data.  Approximately 156,525 rooms are under construction in the U.S., reflecting a 1.5 percent increase, CoStar data showed. Additionally, there are approximately 263,316 rooms in final planning, indicating a 9.8 percent rise, and about 324,522 rooms in planning, representing a substantial 39.5 percent increase.


“While the number of rooms in construction has grown, that figure remains below what was seen prior to the pandemic,” said Isaac Collazo, STR’s vice president for analytics. “However, month-over-month percentage changes have largely improved since October 2023 and the 156,000 rooms in that final phase of the pipeline is the highest since November of last year. These increases point to the rebalancing of the industry and the likelihood that developers are settling in for the long haul with present-day interest rates.”

U.S. project scale segments

Upper midscale and upscale projects continue to dominate the U.S. pipeline, accounting for more than half of the in-construction room count.

The luxury segment accounts for 4.3 percent with 6,466 rooms, while the upper upscale segment comprises 2.8 percent with 19,766 rooms. Additionally, the upscale segment comprises 4 percent with 35,912 rooms, the upper midscale segment comprises 3.6 percent with 42,605 rooms, and the midscale segment constitutes 2.9 percent with 14,733 rooms. The economy segment comprises 1.2 percent with 7,946 rooms.

Mexico, Canada and Brazil 

In the Americas, construction surged with around 205,998 rooms, marking a 4.1 percent rise from March 2023, CoStar’s March 2024 data showed. Final planning saw 296,374 rooms, up by 6.8 percent from the previous year, while the planning phase boasted approximately 378,628 rooms, representing a significant 36 percent increase. Moreover, the region had 881,000 rooms under contract, a notable 16.9 percent uptick.

Following the U.S., Mexico reported approximately 13,335 rooms, while Canada and Brazil followed closely with 7,603 and 5,799 rooms under construction, respectively, CoStar said.

China leads in Asia Pacific

Construction activity soared with approximately 502,610 rooms in Asia Pacific, marking a 5.6 percent increase from March 2023, CoStar said. Final planning accounted for 109,926 rooms, reflecting a similar 5.6 percent rise from the previous year.

However, the planning phase saw a decrease, with approximately 289,041 rooms, down by 11 percent compared to the previous year. Moreover, the region had 901,577 rooms under contract, showing a marginal 0.4 percent decline compared to the same period in 2023.

China takes the lead in the Asia Pacific region with a total of 315,145 rooms under construction, followed by Vietnam with 37,113 rooms.

Germany, UK in Europe

In Europe, construction activity totaled around 172,499 rooms, marking a 6.8 percent decrease from March 2023, CoStar data revealed. Final planning accounted for 99,744 rooms, reflecting a notable 25.3 percent decrease from the previous year.

However, the planning phase saw an increase, with approximately 160,404 rooms, up by 3.1 percent compared to the previous year. Additionally, Europe had 432,647 rooms under contract, showing an 8.8 percent decline compared to the same period in 2023.

In the region, Germany took the lead in construction activity with 28,500 rooms, closely followed by the U.K. with 28,423 rooms.

ME pipeline

Construction activity comprised approximately 110,783 rooms in the Middle East, reflecting a 7.3 percent decrease from March 2023. Final planning accounted for 36,173 rooms, reflecting a notable 20.9 percent decrease from the preceding year.

The planning phase saw approximately 81,316 rooms, down by 3.3 percent compared to the previous year. Additionally, the Middle East had 228,272 rooms under contract, showing an 8.5 percent decline compared to the same period in 2023.

The bulk of pipeline activity in the region centers on the Middle East, with Saudi Arabia leading with 42,464 rooms and the UAE following closely with 9,046 rooms under construction.

Lodging Econometrics recently reported that the global hotel construction pipeline hit record highs in the fourth quarter of 2023, led by the U.S. with 5,964 projects and 693,963 rooms.

More for you

HWIC joins WHLA to support industry women

HWIC joins WHLA to support industry women

THE HOSPITALITY WOMEN’S Innovation Council recently joined as the 34th member of the Women in Hospitality Leadership Alliance to support women and underserved communities across the industry. The council will encourage women to take part in the messaging, programs and initiatives shared by all WHLA groups.

WHLA was founded in 2021 as a consortium of organizations working to advance women in hospitality.

Keep ReadingShow less
CJ Media WHLA media training event for women in 2025

CJ Media, WHLA launch media training for women in hospitality

CJ Media & WHLA Empower Women with Media Training in 2025

CJ MEDIA SOLUTIONS LLC and the Women in Hospitality Leadership Alliance will provide quarterly media training to help advance women in hospitality. The program, offered to the alliance’s participating organizations, will draw on experienced media and PR professionals to deliver guidance across interviews, video, podcasts and live panels.

Each session will be archived for alliance members to access anytime, the duo said in a statement.

Keep ReadingShow less
Choice Hotels MasteryX 2025 Hack-a-Thon competition in Scottsdale

Choice hosts 10th MasteryX summit in Scottsdale, AZ

Choice Hotels MasteryX 2025: Driving Tech Innovation in Scottsdale

CHOICE HOTELS INTERNATIONAL kicked off its 10th annual MasteryX tech summit in Scottsdale, Arizona. Around 650 associates are attending the week-long event to explore technologies and address real-world challenges through workshops, competitions and knowledge-sharing sessions focused on helping hotel owners increase revenue, reduce costs and improve efficiency.

Choice technologists will examine how artificial intelligence, quantum computing and other technologies can support business intelligence, cyber security, on-property operations and the scaling of the company’s tools and systems, Choice said in a statement.

Keep ReadingShow less
શહેરના ફૂટપાથ પર લગેજ સાથે લોકો મુસાફરી કરતા 2025- અમેરિકન પ્રવાસન ખર્ચ 2025

અમેરિકાનો પ્રવાસન્ ઉદ્યોગમાં વર્ષનો પ્રારંભ મંદીથી : અહેવાલ

અમેરિકન પ્રવાસન ખર્ચ 2025માં 2.5% ઘટ્યો: બેંક ઓફ અમેરિકા

અમેરિકન પ્રવાસન્ ખર્ચ હાલમાં 2023 અને 2024ના સ્તરોથી પાછળ છે, જેને બેંક ઓફ અમેરિકા ક્રેડિટ અને ડેબિટ કાર્ડ ડેટા અનુસાર, મહામારી પછીની મુસાફરીની મજબૂત માંગને કારણે વેગ મળ્યો હતો. બેંકના ડેટામાં રહેવાની વ્યવસ્થા, પ્રવાસન અને એરલાઇન ખર્ચમાં ઘટાડો જોવા મળ્યો છે.

બેન્ક ઓફ અમેરિકાના અહેવાલ, “યલો લાઇટ ફોર ટ્રાવેલ: યુએસ ડોમેસ્ટિક ટુરિઝમ ટેપ્સ ધ બ્રેક્સ,” જાણવા મળ્યું છે કે 22 માર્ચ સુધીમાં, રહેવાની અને પ્રવાસન-સંબંધિત સેવાઓ ગયા વર્ષની સરખામણીએ લગભગ 2.5 ટકા ઘટી હતી, જ્યારે એરલાઈન ખર્ચમાં આશરે 6 ટકાનો ઘટાડો થયો હતો.

Keep ReadingShow less
ઇસ્ટર 2025 માટે હોટેલ બુકિંગ ઇન્ટરફેસ સાઇટમાઇન્ડર પ્લેટફોર્મ પર

ઇસ્ટર બુકિંગમાં 16.8 ટકાનો વધારો: સાઇટમાઇન્ડર

ઇસ્ટર 2025: હોટેલ બુકિંગમાં 16.8% વધારો, સાઇટમાઇન્ડર ડેટા

ઇસ્ટર 2025 માટે હોટેલ બુકિંગ ગયા વર્ષના સમાન સમયગાળાની સરખામણીમાં 16.8 ટકા વધુ છે, એક હોટેલ વિતરણ અને આવક પ્લેટફોર્મ સાઇટમાઇન્ડર અનુસાર 2024 અને 2025માં ઇસ્ટરના 30 દિવસ પહેલા નવ બજારોમાં સમાન પ્રોપર્ટીઝ પરના બુકિંગની સરખામણી કરતા ડેટા, મજબૂત માંગ, અગાઉના બુકિંગ અને આંતરરાષ્ટ્રીય મુસાફરીમાં વધતી રુચિ દર્શાવે છે.

આ વૈશ્વિક વલણો યુ.એસ.માં પ્રતિબિંબિત થાય છે, જ્યાં સાઇટમાઇન્ડર ડેટાએ માર્ચ 18 સુધીમાં ઇસ્ટર સપ્તાહના બુકિંગમાં 14.98 ટકાનો વધારો દર્શાવ્યો હતો, જે 2024 માં સમાન સમયગાળાની સરખામણીમાં પ્રોપર્ટી દીઠ સરેરાશ 3.6 વધુ રિઝર્વેશન છે.

Keep ReadingShow less