- U.S. hotel construction ended Q4 with 6,146 projects and 720,089 rooms.
- Brand conversions reached 1,497 projects and 148,981 rooms.
- The midscale segment closed the quarter with 956 projects and 80,260 rooms.
HOTEL CONSTRUCTION IN the U.S. closed the fourth quarter of 2025 with a pipeline of 6,146 projects and 720,089 rooms, according to Lodging Econometrics. Brand conversions totaled 1,497 projects and 148,981 rooms, a 12 percent year-over-year increase in projects and a 16 percent increase in rooms.
LE’s “Hotel Construction Pipeline Trend Report” found the U.S. hotel pipeline active across all project stages. Projects under construction total 1,088, comprising 134,380 rooms. An additional 2,175 projects with 253,750 rooms are scheduled to start construction within the next 12 months. Projects in the early planning stage account for most of the active pipeline, bringing the quarter to a close with 2,883 projects and 331,959 rooms.
By chain scale, upper-midscale hotels lead the pipeline with 2,275 projects and 218,526 rooms. Upscale hotels follow with 1,336 projects and 167,316 rooms, LE said. The midscale segment closed the quarter with 956 projects and 80,260 rooms. Luxury hotels reached 95 projects and 22,045 rooms.
During the quarter, 285 projects totaling 32,358 rooms entered the pipeline, the report said. Construction starts for the year totaled 668 projects and 78,530 rooms, including 148 projects with 17,623 rooms that broke ground in the quarter.
Hotel renovations were unchanged in the quarter, with 621 projects comprising 129,647 rooms. Renovation and conversion projects together reached 2,118 projects totaling 278,628 rooms.
New hotel openings in 2025 totaled 640 hotels and 74,079 rooms in the U.S., expanding hotel supply by 1.3 percent at year-end. LE forecasts 708 hotels and 80,034 rooms will open in 2026, increasing supply by 1.4 percent. The research firm’s analysts expect 824 hotel openings and 88,095 rooms in 2027, expanding the national hotel census by 1.5 percent.
LE found the U.S. hotel construction pipeline held steady year-over-year in the third quarter, totaling 6,205 projects and 728,416 rooms—flat in project count and up 1 percent in rooms from last year.
