U.S. hotel construction down for 15 consecutive months
CoStar data shows 136,990 U.S. hotel rooms currently under construction, with luxury segment leading percentage growth at 4.5%.
CoStar data shows 136,990 U.S. hotel rooms currently under construction, with luxury segment leading percentage growth at 4.5%.
LE reports 6,020 projects with 705,825 rooms in Q1 2026 pipeline, with luxury segment hitting record highs and 2026 supply growth forecast at 1.4%.
Philadelphia occupancy lags 8% below 2019 levels while facing FIFA World Cup room cancellations, but 2026 events including America's 250th anniversary could drive recovery.
Charlestowne Hotels announced eight development projects opening through 2028, including adaptive reuse properties in Santa Fe and Milwaukee, plus Tribute Portfolio hotels in Mississippi and Utah.
The Miami Beach event targets the Southern US, Caribbean, and Latin America markets where 748 hotel projects are currently in progress.