Global Hotel Pipeline Reaches Record High—Luxury and Upper Upscale Chain Scales, and Conversions Reach Historic Milestones at Q4 2025 Close

The Q4 2025 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the global hotel construction pipeline reached a new all-time high project count with 15,922 projects/2,437,354 rooms, a 1% increase in projects year-over-year (YOY).