WASHINGTON—Exercise within the planning phases of the U.S. lodge pipeline stays up, whereas rooms in development decreased after two months of features, in response to CoStar’s December 2023 knowledge.
U.S. Resort Pipeline
December 2023Proportion change from December 2022:
In development: 152,114 rooms (down 4.5 p.c)
Remaining Planning: 255,039 rooms (up 19.7 p.c)
Planning: 318,597 rooms (up 32.7 p.c)
“The variety of rooms in development fell in December following a virtually 7 p.c enhance in October that held regular via November,” stated Isaac Collazo, STR’s VP, analytics. “For many of 2023, rooms in development trailed 2022, however the will increase in each the ultimate planning and planning levels level to confidence in journey for the foreseeable future. Traditionally, the ultimate section of the pipeline has declined month over month in December.”
Higher-midscale and upscale tasks proceed to dominate the pipeline, accounting for greater than half of the in-construction room depend.
Chain Scale Segments
% of current provide, in-construction room depend:
- Luxurious (4.7 p.c, 6,631 rooms)
- Higher Upscale (2.7 p.c, 19,112 rooms)
- Upscale (3.9 p.c, 34,457 rooms)
- Higher Midscale (3.5 p.c, 42,467 rooms)
- Midscale (2.5 p.c, 12,455 rooms)
- Economic system (1.2 p.c, 7,837 rooms)
