NYC leads as market with the most hotel projects

According to research published by Lodging Econometrics in its LE’s Construction Pipeline Trend Report  for the United States, the total U.S. construction pipeline stands at 4,967 projects/622,218 rooms at the end of first quarter 2021.

While this is a slight dip in the pipeline year-over-year (YOY), it is not unexpected, given the lockdown and travel restrictions over the past year. Further, the pipeline shows no signs of great decline compared with what occurred during the 2008 and 2009 recession. Actually, projects and rooms in the early planning stage are up significantly YOY.

Although hotel development may still be tepid in the first quarter, continued government support and the extension of programs has aided many businesses to get back on their feet, as more and more are working to re-staff and re-open.

At the end of first quarter of 2021, projects currently under construction stood at 1,311 projects/179,304 rooms. Projects under construction