Luxury projects hit historic highs while limited-service hotel development booms in the United States
Hotel Business
NOVEMBER 20, 2024
The hotel development pipeline in the U.S. According to recent data from Lodging Econometrics (LE) , while luxury hotels continue to target high-net-worth travelers with opulent new builds, the most dynamic growth continues to occur in the upper-midscale chain scale. Currently, full-service properties represent 19% of total U.S.
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