ARLINGTON, Virginia—The quantity of U.S. lodge rooms beneath building decreased yr over yr for a ninth consecutive month, in accordance with CoStar’s September 2025 knowledge.
U.S. Lodge Pipeline
September 2025
Share change from September 2024
- In building: 137,956 rooms (down 12.3 p.c)
- Ultimate Planning: 258,836 rooms (down 3.5 p.c)
- Planning: 327,304 rooms (down 2.6 p.c)
“Greater than 80,000 rooms beneath the height from Q3 2020, building fell to the bottom level of the previous 40 quarters,” stated Isaac Collazo, STR’s senior director of analytics. “Uncertainty typically results in inaction, and builders and monetary establishments are nonetheless ready for a extra favorable atmosphere. Larger constructing and materials prices are additionally hampering groundbreakings, and we don’t foresee the cycle turning for a while. Nevertheless, extra rooms are beneath building now than after the Nice Recession—growth is down however nonetheless occurring.”
Chain Scale Segments (Share of current provide, in-construction room depend:
September 2025 (share change from September 2024)
1. Luxurious (3.8 p.c / 5,911 rooms)
2. Higher Upscale (2.1 p.c / 15,292 rooms)
3. Upscale (3.6 p.c / 33,376 rooms)
4. Higher Midscale (3.3 p.c / 39,075 rooms)
5. Midscale (2.4 p.c / 12,746 rooms)
6. Economic system (0.7 p.c/ 4,559 rooms)
