Upper-tier hotels continue to make their mark across the US

Looking ahead to 2025 and beyond, construction pipelines are heating up for higher-end hotels. Across the U.S., more than 25,000 new upper-tier rooms classified as luxury and upper upscale are under construction, with over 31,000 in the final planning stages. This represents a 4% increase from August last year for upper-tier rooms in the final planning stage.