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Forecast for new hotel openings in the Americas through 2025

Hotel Business

Combined, these three regions account for 44% of the projects and 34% of the rooms in the global hotel construction pipeline. Certainly, these two chain scales will have the most new hotel openings through 2025. In these years, the upscale and upper-midscale chain scales will account for 60-65% of the projected openings.

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LE: Europe’s Q1 construction pipeline reaches 1.7K projects

Hotel Business

Another 411 projects with 60,356 rooms are scheduled to start construction in the next 12 months, while 532 projects with 75,606 rooms are in the early planning stage, slightly below the record-high reported in Q1 2023. These three chain scales account for 55% of the projects in the region’s total construction pipeline.

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Canada’s construction pipeline hits record-high project count

Hotel Business

Additionally, at the close of the first quarter, there are 80 projects/9,593 rooms scheduled to start construction in the next 12 months while projects and rooms in the early planning stage reached all-time highs of 164 projects/20,884 rooms, increasing 13% and 1% YOY, respectively. new supply growth rate increase.

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LE: China’s Q1 construction pipeline grows

Hotel Business

Additionally, there are 377 projects/65,193 rooms scheduled to start construction in the next 12 months, while 707 projects/141,459 rooms are in the early planning stage. The upper-midscale and upscale chain scales lead China’s pipeline at Q1, accounting for 57% of projects and 58% of rooms in the country’s total pipeline.

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LE: U.S. construction pipeline remains steady

Hotel Business

Projects scheduled to start construction in the next 12 months saw an 11% increase in projects and 12% increase in rooms YOY, to stand at 2,232 projects/260,595 rooms at the close of the second quarter. In 2024, 236 projects/24,281 rooms, and in 2025, 319 projects/32,798 rooms are forecast to open in the extended-stay segment.

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LE: Middle East Q1 construction pipeline rises

Hotel Business

Projects scheduled to start construction in the next 12 months stand at 133 projects/30,447 rooms, up 28% by projects YOY and 24% by rooms YOY. By year-end 2025, LE analysts forecast another 101 new hotels/26,743 rooms to open across the Middle East. At Q1 2024, projects currently under construction stand at 302 projects/80,589 rooms.

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LE: Latin American construction projects up 11%

Hotel Business

At Q4, projects currently in the under construction stage account for nearly half of the projects and rooms in Latin America’s total pipeline. Projects scheduled to start construction in the next 12 months are at 172 projects/27,625 rooms, up 9% by projects and 16% by rooms YOY.