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Hotel Construction Slows Nationwide but Surges in Orlando

New Universal Theme Park Spurs Hotel Development
The Incredible Hulk Coaster at Universal Studio's Islands of Adventure theme park in Orlando. A third Universal Studios theme park under development in Orlando is spurring hotel construction in the market as well. (Universal Studios Orlando)
The Incredible Hulk Coaster at Universal Studio's Islands of Adventure theme park in Orlando. A third Universal Studios theme park under development in Orlando is spurring hotel construction in the market as well. (Universal Studios Orlando)
CoStar Analytics
November 14, 2023 | 8:44 P.M.

The number of hotel rooms under construction in Orlando has increased nearly 40% compared to the same time last year, while construction in the hotel industry overall has slowed. More than 5,000 rooms are under construction in Orlando, up from about 3,600 a year ago and 3,100 two years ago.

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