The total U.S. hotel construction pipeline jumped to 5,704 projects at the end of the 2023’s third quarter, a 7% increase year-over-year, according to the report.
That’s largely because a recovery in the hospitality industry coupled with an increase in consumer confidence have led hotel companies to prime their construction pipelines. For instance, the Dodge Construction Network recently pegged the latest jump in commercial construction starts to gains in parking structures and hotels.
