At the close of 2021’s second quarter, analysts at Lodging Econometrics (LE) report that the total U.S. construction pipeline stands at 4,787 projects/598,111 rooms, down 14% Year-Over-Year (YOY) by projects from Q2 2020’s 5,582 projects/687,801 rooms. This decline in pipeline totals YOY is largely a result of projects that were delayed in the under construction phase of the pipeline as a result of COVID, now having exited the pipeline and opened.
