As seen within the Q3 2025 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the entire U.S. pipeline remained comparatively unchanged year-over-year (YOY) and stood at 6,205 tasks/728,416 rooms, holding regular by tasks and up 1 % by rooms YOY.
Building Pipeline
On the shut of the third quarter, there have been 1,118 tasks/137,620 rooms underneath development. Tasks scheduled to start out development within the subsequent 12 months totaled 2,234 tasks/258,973 rooms. Tasks in early planning within the U.S. stood at 2,853 tasks/331,823 rooms. Yr-over-year, each the begins within the subsequent 12-month stage of the development pipeline and the early starting stage elevated modestly, whereas the underneath development stage noticed a marginal decline. New challenge bulletins for the quarter totaled 230 tasks/28,951 rooms. Resort renovations throughout the U.S. stood at 566 tasks/123,142 rooms on the finish of the quarter.
LE analysts reported that the upper-midscale chain scale continued to have the most important challenge rely within the U.S. pipeline, with 2,279 tasks/219,385 rooms. Following was the upscale chain scale with 1,383 tasks/172,238 rooms. Collectively, these two chain scales comprised 59 % of all tasks within the complete pipeline. The midscale section stood at 947 tasks/78,956 rooms, up 2 % by each tasks and rooms YOY. Mixed, the highest three chain scales by challenge rely—higher midscale, upscale, and midscale—accounted for 65 % of all tasks within the complete pipeline.
Prolonged-Keep Pipeline
Prolonged-stay resort tasks continued to be a significant factor of the U.S. resort development pipeline. On the finish of the third quarter, extended-stay tasks totaled 2,468 tasks/250,754 rooms accounting for 40 % of all tasks and 34 % of all rooms within the complete pipeline.
Center tier extended-stay inns represented the most important section with 1,648 tasks/154,499 rooms, up 3 % by each tasks and rooms YOY. Higher tier extended-stay inns stood at 653 tasks/77,019 rooms. Decrease tier extended-stay accounted for 167 tasks/19,236 rooms.
Throughout the extended-stay section, 431 tasks/45,542 rooms had been presently underneath development. Tasks scheduled to start out development within the subsequent 12 months stood at 983 tasks/102,064 rooms. Prolonged-stay tasks within the early starting stage totaled 1,054 tasks/103,148 rooms.
Resort Growth Pipeline
Model conversion exercise reached record-high challenge totals and closed the quarter with 1,477 tasks/148,035 rooms, up 18 % by tasks and 22 % by rooms YOY. Mixed, the entire renovation and model conversion pipeline in america stood at 2,043 tasks/271,177 rooms, up 4 % by tasks and three % by rooms YOY.
New Resort Openings Forecast
By the third quarter, 490 new inns with 57,479 rooms opened in america, with one other 202 tasks/22,368 rooms anticipated to open by year-end 2025. LE projected 2025 to complete with 692 new inns with 79,847 rooms and a forecasted development fee of 1.4%. Trying forward, LE analysts forecast 754 new inns/83,118 rooms to open in calendar yr 2026 for a 1.5 % development fee. For 2027, LE forecast 864 new inns/91,571 rooms to open for a 1.6 % development fee.
