As seen within the Q3 2025 U.S. Lodge Building Pipeline Pattern Report from Lodging Econometrics (LE), the whole U.S. pipeline remained comparatively unchanged year-over-year (YOY) and stood at 6,205 initiatives/728,416 rooms, holding regular by initiatives and up 1 % by rooms YOY.
Building Pipeline
On the shut of the third quarter, there have been 1,118 initiatives/137,620 rooms underneath building. Tasks scheduled to start out building within the subsequent 12 months totaled 2,234 initiatives/258,973 rooms. Tasks in early planning within the U.S. stood at 2,853 initiatives/331,823 rooms. 12 months-over-year, each the begins within the subsequent 12-month stage of the development pipeline and the early strategy planning stage elevated modestly, whereas the underneath building stage noticed a marginal decline. New mission bulletins for the quarter totaled 230 initiatives/28,951 rooms. Lodge renovations throughout the U.S. stood at 566 initiatives/123,142 rooms on the finish of the quarter.
LE analysts reported that the upper-midscale chain scale continued to have the biggest mission depend within the U.S. pipeline, with 2,279 initiatives/219,385 rooms. Following was the upscale chain scale with 1,383 initiatives/172,238 rooms. Collectively, these two chain scales comprised 59 % of all initiatives within the whole pipeline. The midscale section stood at 947 initiatives/78,956 rooms, up 2 % by each initiatives and rooms YOY. Mixed, the highest three chain scales by mission depend—higher midscale, upscale, and midscale—accounted for 65 % of all initiatives within the whole pipeline.
Prolonged-Keep Pipeline
Prolonged-stay resort initiatives continued to be a major factor of the U.S. resort building pipeline. On the finish of the third quarter, extended-stay initiatives totaled 2,468 initiatives/250,754 rooms accounting for 40 % of all initiatives and 34 % of all rooms within the whole pipeline.
Center tier extended-stay inns represented the biggest section with 1,648 initiatives/154,499 rooms, up 3 % by each initiatives and rooms YOY. Higher tier extended-stay inns stood at 653 initiatives/77,019 rooms. Decrease tier extended-stay accounted for 167 initiatives/19,236 rooms.
Inside the extended-stay section, 431 initiatives/45,542 rooms had been presently underneath building. Tasks scheduled to start out building within the subsequent 12 months stood at 983 initiatives/102,064 rooms. Prolonged-stay initiatives within the early strategy planning stage totaled 1,054 initiatives/103,148 rooms.
Lodge Growth Pipeline
Model conversion exercise reached record-high mission totals and closed the quarter with 1,477 initiatives/148,035 rooms, up 18 % by initiatives and 22 % by rooms YOY. Mixed, the whole renovation and model conversion pipeline in the USA stood at 2,043 initiatives/271,177 rooms, up 4 % by initiatives and three % by rooms YOY.
New Lodge Openings Forecast
By the third quarter, 490 new inns with 57,479 rooms opened in the USA, with one other 202 initiatives/22,368 rooms anticipated to open by year-end 2025. LE projected 2025 to complete with 692 new inns with 79,847 rooms and a forecasted progress price of 1.4%. Wanting forward, LE analysts forecast 754 new inns/83,118 rooms to open in calendar yr 2026 for a 1.5 % progress price. For 2027, LE forecast 864 new inns/91,571 rooms to open for a 1.6 % progress price.
