Lodging Econometrics’ (LE’s) Q2 2025 Resort Building Pipeline Development Report acknowledged that the whole pipeline reached a record-high 15,871 tasks with 2,436,225 rooms, up 3 p.c by tasks and a couple of p.c by rooms year-over-year (YOY).
Worldwide, on the shut of the second quarter, there have been 6,257 tasks/1,086,245 rooms below building, unchanged on a proportion foundation by tasks and down 3 p.c by rooms YOY. Initiatives scheduled to begin building within the subsequent 12 months decreased 3 p.c YOY by tasks however elevated 1 p.c by rooms to face at 3,870 tasks/551,188 rooms on the shut of the quarter. Initiatives within the early starting stage reached a record-high 5,744 tasks with 798,792 rooms, marking a ten p.c enhance in tasks and a 9 p.c enhance in rooms, YOY.
Accounting for 52 p.c of the tasks within the whole pipeline, the higher midscale and upscale chain scales dominated the worldwide lodge building pipeline venture counts at Q2. Of that 52 p.c, higher midscale lodge tasks comprised 4,463 tasks and 567,396 rooms within the whole world pipeline, unchanged on a proportion foundation by tasks and down 1 p.c by rooms YOY. Upscale tasks and rooms marked record-highs in Q2, with 3,852 tasks and 655,674 rooms, up 5 p.c by tasks and three p.c by rooms YOY. Notably, at Q2, higher upscale tasks reached a record-high 1,807 tasks with 385,396 rooms, up 6 p.c by tasks and 1 p.c by rooms YOY. Luxurious tasks and rooms totals additionally reached record-high counts at Q2. This marked an 11 p.c YOY enhance in tasks and a 9 p.c YOY enhance in rooms, to face at 1,267 tasks/245,665 rooms.
On the finish of Q2, the highest international locations by venture rely had been the USA, with 6,280 tasks and 737,036 rooms, and China, with 3,733 tasks and 672,224 rooms. America accounted for 40 p.c of the tasks within the world pipeline, whereas China accounted for twenty-four p.c, leading to 64 p.c of the worldwide pipeline being concentrated inside these two international locations. Following carefully had been India, with a record-high rely of 761 tasks and 99,195 rooms, Saudi Arabia with 342 tasks and 92,187 rooms, and Canada with 333 tasks and 44,764 rooms.
All over the world, the cities with the most important pipelines by whole tasks within the pipeline had been Dallas, Texas, with 199 tasks and a record-high 24,497 rooms, Atlanta, Georgia, with 165 tasks with 19,027 rooms, and Chengdu, China, with 143 tasks/25,331 rooms. Nashville, Tennessee, adopted with 128 tasks/17,025 rooms, after which Austin, Texas, reached record-highs of 125 tasks and 14,598 rooms.
The primary half of 2025 noticed 970 new lodges/138,168 rooms open all over the world, with a further 1,884 new lodges/280,079 rooms scheduled to open by year-end. LE analysts forecast a complete of two,854 new lodges with 418,247 rooms to open in 2025. With the worldwide pipeline tasks at an all-time excessive, LE forecast that new lodge openings will proceed with 2,531 new lodges/382,942 rooms anticipated to open by year-end 2026. LE analysts additionally forecast 2,554 new lodges/382,282 rooms to open worldwide by year-end 2027.
