The latest report by Lodging Econometrics indicates that the global hotel construction pipeline reached a new all-time high by the close of the fourth quarter of 2025, reflecting continued momentum in hospitality development across multiple regions and segments.
According to the Q4 2025 Global Hotel Construction Pipeline Trend Report, the worldwide pipeline now stands at 15,922 projects comprising 2,437,354 rooms, marking a 1% year-on-year increase in projects. Of these, 6,140 projects with 1,058,945 rooms are currently under construction. A further 3,845 projects with 553,140 rooms are scheduled to begin construction within the next 12 months, while 5,937 projects representing 825,269 rooms remain in the early planning stage—both categories reaching record levels.
Growth has been particularly strong in the higher-end segments. The luxury chain scale reached record levels with 1,328 projects and 252,544 rooms, while the upper upscale segment recorded 1,883 projects and 391,391 rooms, both posting year-on-year growth in projects and room supply. Meanwhile, the upscale and upper midscale categories together account for 8,358 projects with more than 1.22 million rooms, making them the largest segments by project count.
At the country level, the United States continues to lead the global pipeline with 6,146 projects and 720,089 rooms, followed by China with 3,608 projects and 644,938 rooms. Together, these two markets represent 62% of the global pipeline. Notably, India recorded significant growth, reaching a record 906 projects and 118,334 rooms, while Saudi Arabia also achieved new highs with 394 projects and 106,521 rooms.
Among cities, Dallas leads the pipeline with 193 projects, followed by Atlanta. Internationally, Chengdu, Guangzhou, and Phoenix rank among the top cities with the highest number of projects under development.
The report also highlighted a surge in hotel conversions, which reached a record 2,815 projects and 341,006 rooms, while combined renovations and conversions climbed to 3,777 projects and 540,459 rooms globally. Regionally, the Asia Pacific (excluding China), the Middle East, and Africa each recorded record pipeline levels.
In terms of supply growth, 2,371 new hotels with 325,985 rooms opened worldwide in 2025. Analysts at Lodging Econometrics project 2,617 hotels with 389,175 rooms to open in 2026, followed by 2,630 hotels with 384,955 roomsexpected in 2027, indicating sustained expansion in the global hospitality sector.
