U.S. Hotel Construction Booms
Skift Take
U.S. hotel construction surged in Q4 2024, reaching 6,378 projects and 746,986 rooms, with strong year-over-year growth and continued expansion projected through 2026.
STR reported U.S. hotel data for the week ended January 18. U.S. hotel RevPAR jumped 17.4% with rates up 10%. US Group RevPAR was up 44.8%. The week was impacted on a positive basis by the timing of the Martin Luther King Jr. holiday.
Dreamscape Hospitality announced its selection as the management company for the forthcoming Home2 Suites by Hilton in Atlanta’s Buckhead neighborhood. The new-build property, featuring 176 suites, is a collaboration between Phoenix Development Partners, Horizon Capital, and Dreamscape Hospitality. Construction is set to begin in July 2025 with an anticipated opened date in late 2026.
Hotel construction in the United States hit new levels in the fourth quarter of 2024, according to Lodging Econometrics’ latest Hotel Construction Pipeline Trend report. The total pipeline reached 6,378 projects with 746,986 rooms, showing year-over-year growth of 7% in projects and 8% in r
