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The U.S. hotel construction market sees record highs in the first quarter of 2024

As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.


Construction Costs

New download: BD+C's April 2024 Market Intelligence Report

Building Design+Construction's monthly Market Intelligence Report offers a snapshot of the health of the U.S. building construction industry, including the commercial, multifamily, institutional, and industrial building sectors. This report tracks the latest metrics related to construction spending, demand for design services, contractor backlogs, and material price trends.



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Market Data | May 1, 2017

Nonresidential Fixed Investment surges despite sluggish economic in first quarter

Real gross domestic product (GDP) expanded 0.7 percent on a seasonally adjusted annualized rate during the first three months of the year.

Industry Research | Apr 28, 2017

A/E Industry lacks planning, but still spending large on hiring

The average 200-person A/E Firm is spending $200,000 on hiring, and not budgeting at all.

Market Data | Apr 19, 2017

Architecture Billings Index continues to strengthen

Balanced growth results in billings gains in all regions.

Market Data | Apr 13, 2017

2016’s top 10 states for commercial development

Three new states creep into the top 10 while first and second place remain unchanged.

Market Data | Hinge | Apr 6, 2017

Architecture marketing: 5 tools to measure success

We’ve identified five architecture marketing tools that will help your firm evaluate if it’s on the track to more leads, higher growth, and broader brand visibility.

Market Data | Apr 3, 2017

Public nonresidential construction spending rebounds; overall spending unchanged in February

The segment totaled $701.9 billion on a seasonally adjusted annualized rate for the month, marking the seventh consecutive month in which nonresidential spending sat above the $700 billion threshold.

Market Data | Mar 29, 2017

Contractor confidence ends 2016 down but still in positive territory

Although all three diffusion indices in the survey fell by more than five points they remain well above the threshold of 50, which signals that construction activity will continue to be one of the few significant drivers of economic growth.

Market Data | Mar 24, 2017

These are the most and least innovative states for 2017

Connecticut, Virginia, and Maryland are all in the top 10 most innovative states, but none of them were able to claim the number one spot.

Market Data | Mar 22, 2017

After a strong year, construction industry anxious about Washington’s proposed policy shifts

Impacts on labor and materials costs at issue, according to latest JLL report. 

Market Data | Mar 22, 2017

Architecture Billings Index rebounds into positive territory

Business conditions projected to solidify moving into the spring and summer.

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