According to the Q3 2025 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. pipeline has remained relatively unchanged year-over-year (YOY) and stands at 6,205 projects/728,416 rooms, holding steady by projects and up 1% by rooms YOY.
Extended-stay hotel projects remain a significant component of the U.S. hotel construction pipeline, totaling 2,468 projects/250,754 rooms and accounting for 40% of all projects and 34% of all rooms in the total pipeline.
At the close of the third quarter, there are 1,118 projects/137,620 rooms under construction. Projects scheduled to start construction in the next 12 months total 2,234 projects/258,973 rooms. Projects in early planning in the U.S. currently stand at 2,853 projects/331,823 rooms. Year-over-year, both the next 12-month stage and the early planning stage increased modestly, while the under construction stage declined marginally. New project announcements for the quarter totaled 230 projects/28,951 rooms. Hotel renovations across the U.S. stand at 566 projects/123,142 rooms at Q3.
LE analysts report that the upper-midscale chain scale continues to have the largest project count in the U.S. pipeline, with 2,279 projects/219,385 rooms. Following is the upscale chain scale with 1,383 projects/172,238 rooms. Together, these two chain scales comprise 59% of all projects in the total pipeline. The midscale segment stands at 947 projects/78,956 rooms, up 2% by both projects and rooms YOY. Combined, the top three chain scales by project count—upper midscale, upscale and midscale—account for 65% of all projects in the total pipeline.
Middle-tier extended-stay hotels represent the largest segment in the overall extended-stay pipeline with 1,648 projects/154,499 rooms, up 3% by both projects and rooms YOY. Upper-tier extended-stay hotels stand at 653 projects/77,019 rooms. Lower-tier extended-stay accounts for 167 projects/19,236 rooms.
Within the extended-stay segment, 431 projects/45,542 rooms are currently under construction. Projects scheduled to start construction in the next 12 months stand at 983 projects/102,064 rooms. Projects in the early planning stage total 1,054 projects/103,148 rooms.
Brand conversion activity reached record-high project totals and closed the quarter with 1,477 projects/148,035 rooms, up 18% by projects and 22% by rooms YOY. Combined, the total renovation and brand conversion pipeline in the U.S. stands at 2,043 projects/271,177 rooms, up 4% by projects and 3% by rooms YOY.
Through the third quarter, 490 new hotels with 57,479 rooms opened in the U.S., with another 202 projects/22,368 rooms anticipated to open by year-end. LE projects 2025 will finish with 692 new hotels and 79,847 rooms, with a forecasted growth rate of 1.4%. Looking ahead, LE analysts forecast 754 new hotels/83,118 rooms to open in 2026 for a 1.5% growth rate. For 2027, LE forecasts 864 new hotels/91,571 rooms to open for a 1.6% growth rate.
