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Hotel Development Pipeline Activity Down Globally, Except in the Americas

The Americas is the only world region that showed a year-over-year increase in pipeline activity at the end of the first quarter, according to March 2024 data from CoStar.

March 2024 (% change in comparison with March 2023):


  • In construction: 172,499 rooms (-6.8%)
  • Final Planning: 99,744 rooms (-25.3%)
  • Planning: 160,404 rooms (+3.1%)
  • Total Under Contract: 432,647 rooms (-8.8%)

Among countries in the region, Germany (28,500) led in construction activity, closely followed by the U.K. (28,423).

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