News in numbers
In the pipeline: Global growth Europe
Asia-Pacifi c
In construction: 163,135 rooms (-1.0%)
Final planning: 87,779 rooms (-21.9%)
Planning: 162,275 rooms (+1.7%)
Total under contract: 413,189 rooms (-5.4%)
In construction: 509,167 rooms (+1.7%)
Final planning: 55,448 rooms (-50.1%)
Planning: 389,689 rooms (+43.1%)
Total under contract: 954,304 rooms (+7.9%)
Middle East & Africa
In construction: 110,229 rooms (-4.3%)
Final planning: 30,955 rooms (+3.3%)
Planning: 85,178 rooms (+7.3%)
Total under contract: 226,362 rooms (+0.8%)
Americas
In construction: 209,312 rooms (+9.5%)
Final planning: 305,199 rooms (+10.6%)
Planning: 387,418 rooms (+36.1%)
Total under contract: 901,929 rooms (+20.0%)
Source: 2024 CoStar Group
United States
In construction: 157,253 rooms (+7.0%)
Final planning: 268,190 rooms (+10.4%)
Planning: 336,205 rooms (+38.4%)
Total under contract: 761,648 rooms (+20.2%)
US chain scale segments (% of existing supply, in-construction room count)
1. Luxury (5.6%, 8,508 rooms) 2. Upper-upscale (2.6%, 18,156 rooms) 3. Upscale (4.2%, 38,401 rooms) 4. Upper-midscale (3.4%, 40,255 rooms) 5. Midscale (2.9%, 14,902 rooms) 6. Economy (1.2%, 7,653 rooms)
Note: September 2024 (percentage change from September 2023) for all fi gures
US hotel rooms under construction January 2006 – September 2024
Rooms in thousands 250
Peak (Apr 2020): 220.2K
200
Current (Sep 2024): 157.2K
150
100
50
0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Source: 2024 CoStar Group
6
Hotel Management International /
www.hmi-online.com
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