Overview
- Lodging Econometrics reported that at the end of Q1 2026 the U.S. pipeline stood at 6,020 projects and 705,825 rooms, with 1,071 under construction, 2,164 set to start within 12 months, and 2,785 in early planning.
- The luxury segment reached a record 102 projects and 25,527 rooms, while 1,461 conversion projects showed owners leaning on reflagging and reuse of existing hotels.
- Dallas led all U.S. markets with 184 projects, while Phoenix posted the fastest year-over-year gains in projects under construction and is forecast to open 27 hotels in 2026.
- In Canada, the pipeline totaled 331 projects and 45,401 rooms, led by Ontario, as upper midscale hotels hit a record 137 projects and early-planning rooms reached a new high.
- LE expects 682 U.S. openings in 2026 and 750 in 2027 and projects 39 Canadian openings this year and 51 next year, signaling gradual additions that may still strain or ease local markets like Dallas, Phoenix, and Toronto.