Strong Conversion and New Development Project Totals in the U.S. Hotel Construction Pipeline at Q1 2026 Close

PORTSMOUTH, NH – April 27, 2026

As seen in the Q1 2026 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,020 projects with 705,825 rooms in the pipeline, reflecting sustained development activity across the country.

Of those, 1,071 projects comprising 132,016 rooms are under construction. Another 2,164 projects with 249,465 rooms are scheduled to start construction within the next 12 months, while projects in the early planning stage stand at 2,785 projects and 324,344 rooms. Meanwhile, Q1 construction starts totaled 140 projects with 15,546 rooms, and new project announcements totaled 166 projects and 20,864 rooms.

Within the chain scales, the luxury segment achieved a record-high project count in Q1, reaching 102 projects with 25,527 rooms, up 16% by projects and 23% by rooms year-over-year (YOY). The top three chain scales (upscale, upper midscale, and midscale) account for 75% of the projects in the total U.S. construction pipeline – and each is expected to post its highest new hotel opening total since 2022.

Beyond the construction pipeline, LE’s latest data points to broad-based activity across other key industry metrics. Hotel conversions remain strong, standing at 1,461 projects and 141,971 rooms — up 3% by projects and 4% by rooms year-over-year — while combined conversion and renovation activity reaches 2,041 projects and 258,665 rooms.

In the first quarter of 2026, 126 new hotels opened in the U.S., accounting for 14,614 rooms. For the remaining three quarters of 2026, LE forecasts another 556 projects with 62,709 rooms to open, resulting in a total of 682 new hotels with 77,323 rooms by year-end and representing a 1.4% increase in new hotel supply. Looking ahead to 2027, LE analysts anticipate 750 new hotels with 81,199 rooms to open in the U.S., for a 1.4% supply increase.

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For over 25 years, Lodging Econometrics (LE) has been the industry-leading provider of global hotel intelligence and decision-maker contact information. LE custom-builds business development database programs for hotel franchise companies looking to accelerate their brand growth, hotel ownership and management companies seeking to expand their real estate portfolios, and lodging industry vendors wanting to increase their sales. To learn more about our business development programs contact us: +1 603.431.8740, ext 0025 or info@lodgingeconometrics.com.

SOURCE: Lodging Econometrics