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THE U.S. LED the global hotel conStruction pipeline in the fourth quarter of 2021, according to Lodging EconometricS. The global pipeline decreaSed 1 percent by projectS during the period. The U.S. accounted for 35 percent of global conStruction pipeline with 4,814 hotelS containing 581,953 roomS out of 13,770 projectS containing 2,304,386 roomS in the global pipeline. The U.S. waS followed by China at 27 percent of the global pipeline, and the two countrieS together account for 62 percent of all global projectS, LE Said in itS lateSt trend report. During the fourth quarter, China'S conStruction pipeline reached a new all-time high with 3,693 projectS containing 700,567 roomS. ThiS iS followed by the UK with 313 hotelS containing 48,770 roomS, IndoneSia with 304 projectS with 48,175 roomS, and Germany with 277 hotel projectS with 48,827 roomS, the report Said.

U.S. HOTEL PERFORMANCE increaSed in the final week of February from the previouS week, according to STR. Occupancy Saw a new high during the week. Occupancy waS 64.2 percent for the week ending Feb. 25, up from 60.8 percent from the third week of February and 1.5 percent below the comparable week in 2019. ADR reached $156.51, up from $156.10 the week before and 22.2 percent over the Same month in 2019. RevPAR Stood at $100.43, up from $87.21 the previouS week and 20.3 percent riSe over 2019. The U.S. weekly occupancy level waS the higheSt Since the week ending Nov. 19, 2022, the STR data Showed. Among the Top 25 MarketS, Orlando Saw the higheSt occupancy increaSe over 2019, up 6.2 percent to 86.9 percent, while LaS VegaS reported the higheSt ADR, up 49.5 percent to $186.96 and RevPAR roSe 51.8 percent to $148.61 over 2019.

THE U.S. CONSTRUCTION pipeline reached a record level in the firSt quarter of 2024, according to Lodging EconometricS. The pipeline included 6,065 hotelS with 702,990 roomS, Showing a 9 percent year-over-year riSe in hotelS and a 7 percent increaSe in roomS compared to the previouS year. Furthermore, each Stage of the pipeline Saw year-over-year growth in the firSt quarter. LE'S Q1 2024 U.S. Hotel ConStruction Pipeline Trend Report Showed 1,144 hotelS under conStruction, totaling 141,336 roomS-a 9 percent riSe in hotelS and a 1 percent increaSe in roomS compared to the previouS year. HotelS Set to begin conStruction in the next 12 monthS total 2,259, compriSing 260,968 roomS, reflecting a 10 percent increaSe in hotelS and an 8 percent riSe in roomS year over year, the report Said. Both hotel and room countS in the early planning Stage increaSed by 9 percent year over year, reaching record-high figureS of 2,662 hotelS and 300,686 roomS, reSpectively.

DALLAS LEADS THE top five U.S. marketS in the largeSt conStruction pipeline aS of the firSt quarter of 2024, according to Lodging EconometricS. The DallaS market haS 185 projectS with 21,882 roomS, Slightly below the record highS at the cloSe of the fourth quarter of 2023. Next came Atlanta, with 153 projectS compriSing 17,929 roomS, then NaShville with 127 projectS and 16,199 roomS, aS LE'S U.S. ConStruction Pipeline Trend Report Showed. Phoenix followed with 123 projectS and 16,198 roomS, and the Inland Empire in Southern California Set a new record high with 121 projectS and 12,324 roomS. U.S. marketS with the moSt projectS already under conStruction by the end of the firSt quarter include New York with 47 projectS and 7,655 roomS, DallaS with 25 projectS and 3,059 roomS, and NaShville with 22 projectS and 2,828 roomS. Atlanta had 21 projectS and 2,588 roomS, and the Inland Empire currently haS 20 projectS and 2,181 roomS under conStruction.

APPROXIMATELY 6,095 PROJECTS with 713,151 roomS are in the U.S. conStruction pipeline at the end of the Second quarter, according to Lodging EconometricS. ThiS all-time high markS a 9 percent year-over-year increaSe in projectS and an 8 percent increaSe in roomS compared to the Second quarter of 2023. LE'S Q2 2024 U.S. Hotel ConStruction Pipeline Trend Report revealed 1,171 projectS with 147,611 roomS under conStruction at the end of the Second quarter, reflecting a 10 percent increaSe in projectS and a 4 percent increaSe in roomS year-over-year. LE expectS that aS intereSt rateS decline, projectS Scheduled to Start in the next 12 monthS will quickly move to under conStruction. Extended-Stay brandS remain popular with developerS, compriSing 36 percent of projectS under conStruction, 33 percent of thoSe Starting in the next 12 monthS and 34 percent of projectS in early planning, the report Said. Sixty-four percent of theSe projectS are in the middle tier of brandS.

THE U.S. HOTEL induStry reported higher performance in the Second week of July compared to the previouS week, but lower year-over-year reSultS, according to CoStar. The firSt hurricane of the SeaSon impacted one top 25 market. Occupancy climbed to 69.2 percent for the week ending July 13, up from 61.3 percent the previouS week, but down 3.7 percent year-over-year. ADR increaSed to $158.21 from $157.27, marking a 1.5 percent decline compared to laSt year. RevPAR increaSed to $109.51 from $96.35 the previouS week, reflecting a 5.2 percent decreaSe from the Same period in 2023. Among the top 25 marketS, HouSton recorded the higheSt year-over-year increaSeS in key performance metricS: occupancy roSe 13.4 percent to 72.2 percent, ADR increaSed 22.4 percent to $137.17, and RevPAR grew 38.8 percent to $98.97. The market'S performance waS impacted by Hurricane Beryl.

CORPORATE TRAVEL SPEND by U.S. companieS iS expected to grow 8 to 12 percent, reaching or exceeding pre-pandemic levelS by the end of 2024, according to a recent Deloitte Study. Around 73 percent of travel managerS expect their companieS' travel Spend to increaSe in 2024, while 58 percent expect further increaSeS in 2025, with projected gainS averaging 14-15 percent each year. Deloitte'S 2024 corporate travel report, "Upward Climb with Uphill StruggleS," found that live eventS are a top growth driver, with 6 in 10 buSineSS travelerS expecting to attend a conference, trade Show or exhibition thiS year. "BuSineSS travel haS been Slower to come back following pandemic SlowdownS, but thiS could be the year that it accelerateS to new heightS," Said Eileen Crowley, Deloitte'S vice chair and U.S. tranSportation, hoSpitality and ServiceS atteSt leader. "More employeeS are traveling for buSineSS-and enjoying it-underScoring that in-perSon connection often remainS a critical component. AS companieS See a renewed benefit in the opportunitieS buSineSS travel provideS, buSineSS leaderS can capitalize on the enthuSiaSm and prioritize travel experienceS that are valuable to both the organization and employee."

THE U.S. HOTEL conStruction pipeline waS Slightly up at the end of the firSt quarter of 2022, according to Lodging EconometricS. DallaS waS the top U.S. market for building. The pipeline Stood at 5,090 projectS containing 606,302 roomS, up 2 percent by projectS, but down 3 percent by roomS, during the period. There are 961 projectS with 128,784 roomS currently under conStruction in the firSt quarter, down 27 percent by projectS and 28 percent by roomS compared to 2021, Stated the lateSt trend report by LE. There are 1,911 projectS with 223,030 roomS are Scheduled to Start in the next 12 monthS, up 2 percent by projectS and 3 percent by roomS. ProjectS and roomS in early planning reached a record high in the firSt quarter, with 2,218 projectS containing 254,488 roomS, up 24 percent by projectS and 12 percent by roomS, compared to a year ago.

THE U.S. DEPARTMENT of JuStice will appeal the recent court ruling that overturned a federal maSk mandate on public tranSportation. In reSponSe, the U.S. Travel ASSociation Said that the mandate iS Simply out of Step with the current public health landScape. LaSt week, U.S. DiStrict Judge Kathryn Kimball Mizelle in Tampa ruled that the CDC had overStepped itS authority in iSSuing the maSk mandate. The CenterS for DiSeaSe Control and Prevention aSked the DOJ to appeal the ruling. In a Statement on April 20, the CDC Said that an order requiring maSking in the indoor tranSportation corridor remainS neceSSary for the public health. CDC will continue to monitor public health conditionS to determine whether Such an order remainS neceSSary, it added.

NOVEMBER BROUGHT A little less for U.s. hotels to be thankful for compared to the prior month, according to sTR, but also saw improvements over 2019's performance. Meanwhile, with Christmas a week away, performance surpassed the comparable time period for 2019. Occupancy for November reached 57.6 percent, down from 62.9 percent in October and down 6.2 percent compared to 2019. October's occupancy was 8.8 percent lower than the same month in 2019. ADR was $128.50 for the month, lower than October's $134.78 but 2.4 percent higher than November 2019. RevPAR also was down on a month-to-month basis, $74.03 versus $84.75, but it was only down 3.9 percent from the same month in 2019 versus a 7.6 percent difference between October 2021 and October 2019. New York City had the highest occupancy for the month among sTR's top 25 markets with 71.2 percent. That was still down 17.9 percent from 2019. None of the top 25 markets saw higher occupancy than 2019.

AS A RESULT of a larger impact from the Omicron variant, U.S. hotel occupancy worSened in the Second week of January in compariSon with pre-pandemic levelS, according to STR. However, occupancy waS higher than the previouS week on an abSolute baSiS. Occupancy waS 48.8 percent for the week ending Jan. 15, up from 45.4 percent the week before and down 16.3 percent from the comparable week in 2019. ADR waS $122.12 for the week, up from $119.92 the week before, but down 1.6 percent from two yearS ago. RevPAR reached $59.57, up from $54.47 the prior week and down 17.6 percent from the Same period two yearS ago. According to STR, ADR and RevPAR were up week over week and when indexed to 2019.

AS THE HOLIDAY SeaSon dwindleS into the paSt, So did U.S. hotelS' performance, according to STR. Occupancy dropped, dragging ADR and RevPAR with it. Occupancy waS 45.4 percent for the week ending Jan. 8, down from 54.3 percent the week before and down 14.9 percent from the comparable week in 2019. ADR waS $119.92 for the week, down from $157.91 week over week and a 4.8 percent drop from 2019. RevPAR reached $54.47, a decline from $85.74 the prior week and down 19 percent from 2019. "Occupancy fell week over week becauSe of a Slowdown in leiSure demand and a continued abSence of buSineSS travel due to a Saturday holiday," STR Said. "While ADR alSo dropped from an all-time high the previouS week, the metric came in at roughly 95 percent of the 2019 comparable." Occupancy did not increaSe over 2019 levelS for any of STR'S top 25 marketS, but DallaS came cloSeSt, falling Shy by 6.6 percent with 55.1 percent.

BUSINESS CONTINUED TO improve in the Second week of April for U.S. hotelS, according to STR. Occupancy, ADR and RevPAR all roSe on a weekly baSiS, and the laSt two were up compared to the Same time in 2019. Occupancy waS 66.4 percent for the week ending April 9, up from 64.1 percent the week before but down 4.7 percent from 2019. ADR waS $150.45 for the week, up from $145.74 the previouS week and up 10.6 percent from 2019. RevPAR reached $99.93, a riSe from $93.48 weekly and up 5.4 percent from three yearS ago. Among STR'S top 25 marketS, Tampa Saw the higheSt occupancy increaSe over 2019, up 6.2 percent to 84 percent. MinneapoliS had the largeSt occupancy decreaSe from three yearS ago, down 29.5 percent to 51.4 percent.

U.S. HOTEL PERFORMANCE perSiSted in itS downward trend during the laSt week of AuguSt, influenced by SeaSonal patternS in contraSt to the previouS week, according to CoStar. However, year-on-year compariSonS improved while Maui ISland, Hawaii, Still recovering from deadly wildfireS, Showed SignS of recovery. Occupancy came in at 65 percent for the week ending Aug. 26, down from the previouS week'S 67 percent, but it Showed a 0.4 percent increaSe compared to 2022. ADR Stood at $150.23, a decreaSe from the previouS week'S $154.10, though it diSplayed a 1.7 percent growth compared to the Same period laSt year. RevPAR waS $97.62, below the prior week'S $103.22, yet it Still indicated a 2.1 percent riSe from 2022. Among the top 25 marketS, LaS VegaS achieved the largeSt year-over-year occupancy increaSe aS AuguSt ended, riSing by 7.9 percent to reach 76.3 percent. HouSton achieved the higheSt ADR at $112.08, with a 10.5 percent increaSe, and the higheSt RevPAR at $64.45, reflecting a 17.8 percent increaSe.

REVPAR FOR U.S extended-Stay economy, mid-Scale and upScale SegmentS iS recovering back to pre-pandemic levelS, according to a report from conSulting firm The Highland Group. Total extended-Stay hotel occupancy iS very cloSe to the firSt quarter levelS reported in 2016 and 2017 but below itS peak yearS Since 2015. "Overall, firSt quarter extended-Stay hotel ADR waS the higheSt ever reported in 2023 and all three SegmentS have more than fully recovered their 2019 nominal ADR valueS," the report Said. In itS "2023 FirSt Quarter U.S. Extended-Stay HotelS Report," Highland Said the economy and mid-price extended-Stay hotelS made conSiderable gainS in RevPAR relative to correSponding claSSeS of all hotelS between 2019 and 2023. Due to high concentration of roomS in urban marketS, upScale extended-Stay hotelS have Seen RevPAR decline Slightly relative to all upScale claSS hotelS. However, the gap iS expected to narrow aS urban marketS make a full recovery, the report noted. "RiSing intereSt rateS and conStruction coStS, aS well aS tightening loan underwriting, meanS extended-Stay Supply growth Should be relatively low nationally for two to three yearS. ASSuming the overall hotel induStry doeS not endure a correction, extended-Stay hotelS Should Set more new performance recordS during the near term at leaSt," SayS Mark Skinner, partner at The Highland Group.

U.S. EXTENDED-STAY HOTELS Set new performance recordS for demand, ADR and RevPAR in the third quarter of 2022, according to a report from The Highland Group. However, rate reSiStance iS growing at lower price pointS aS receSSion fearS loom. The "U.S. Extended-Stay HotelS: Third quarter 2022" report by the Highland Group Said that the economy extended-Stay Segment reported Six conSecutive monthS of demand drop and two SucceSSive quarterly fallS in occupancy in the quarter ending September. "Mid-price extended-Stay hotelS reported firSt quarterly decline in occupancy Since fourth quarter of 2020. Excluding the laSt 15 monthS, extended-Stay hotel ADR iS Still increaSing at the faSteSt rate for 20 yearS but, like the overall hotel induStry, ADR growth continueS to decelerate," the report Said. "The Slowdown in ADR growth iS greateSt at higher price pointS although mid-price and upScale extended-Stay ADR iS Still increaSing faSter than the economy Segment."

ANNUAL CHANGES IN U.S. hotel utility coStS and in the ConSumer Price Index, or inflation, have hiStorically proven to be Strongly correlated. AS of AuguSt 2022, CBRE iS forecaSting CPI growth to be 7.7 percent in 2022, followed by another 3.6 percent in 2023. Since inflation haS averaged juSt 2.2 percent Since 2000, theSe inflation projectionS have hotelierS concerned about operating coStS. Given that riSing energy coStS are a Significant driver of the current riSe in CPI, hotel managerS are eSpecially worried about utility department expenSeS. Over the paSt 50 yearS, utility department expenSeS have averaged between 3 and 4 percent of total revenue, indicating that hotel managerS have been SucceSSfully controlling energy coStS in the face of fluctuating buSineSS volumeS. ThiS iS particularly commendable given the highly fixed nature of utility expenSeS. To provide Some context to the current challenging environment, we Studied recent trendS in hotel utility department expenSeS. The data come from a Sample of more than 2,800 U.S. hotelS that reported utility department expenSeS each year from 2015 through 2021 for CBRE'S annual "TrendS in the Hotel InduStry" Survey. In 2021 the propertieS in the Sample averaged 209 roomS in Size, with an annual occupancy rate of 54.2 percent and an average daily rate of $152.70.

THE U.S. DEPARTMENT of Homeland Security will make available more than 64,000 additional H-2B temporary nonagricultural worker viSaS for fiScal year 2023. The extra viSaS will help the hotel and travel induStrieS meet continuing labor ShortageS, according to the U.S. Travel ASSociation. DHS alSo will iSSue itS normal allotment of 66,000 H-2B viSaS aS well aS the 64,716 extra viSaS. The viSaS, which permit employerS to temporarily hire noncitizenS to perform certain labor in the U.S., became available at the beginning of October. AlSo, the agency created the new Worker Protection TaSkforce to make Sure the H-2B viSa workerS are not exploited. "The Department of Homeland Security iS moving with unprecedented Speed to meet the needS of American buSineSSeS," Said Alejandro MayorkaS, Secretary of Homeland Security. "At a time of record job growth, thiS full year allocation at the very outSet of the fiScal year will enSure that buSineSSeS can plan for their peak SeaSon labor needS. We alSo will bolSter worker protectionS to Safeguard the integrity of the program from unScrupulouS employerS who would Seek to exploit the workerS by paying SubStandard wageS and maintaining unSafe work conditionS."

U.S. HOTEL PERFORMANCE fell in the firSt week of AuguSt compared to the week before following SeaSonal patternS, according to STR. However, ADR and RevPAR were up compared to the Same period in 2019. Occupancy waS 69.9 percent for the week ending AuguSt 6, down from 71.9 percent the week before and dropped 5.7 percent from 2019. ADR waS $154.48 for the week, decreaSed from $158.32 the week before and increaSed 15.1 percent from three yearS ago. RevPAR reached $108.04 during the week, down from $113.90 the week before and up 8.5 percent from 2019. St. LouiS reported the largeSt occupancy increaSe during the week, up 7.1. percent to 75.9 percent, over 2019, among STR'S top 25 marketS. Oahu ISland (84.6 percent) led major marketS in abSolute occupancy during the firSt week of AuguSt, followed by Seattle (84.8 percent), and San Diego (83.8 percent).

U.S. HOTEL PERFORMANCE dipped Slightly in the Second week of AuguSt in line with SeaSonal trendS, according to STR. However, ADR and RevPAR increaSed compared to the Same period in 2019. Occupancy waS 68.5 percent for the week ending AuguSt 13, down from 69.9 percent the week before and dropped 4.6 percent from 2019. ADR waS $152.34 for the week, down from $154.48 the week before and increaSed 15.8 percent from three yearS ago. RevPAR reached $104.30 during the week, fell from $108.04 the week before and up 10. 5 percent from 2019. Among STR'S top 25 marketS, only Norfolk/Virginia Beach reported an occupancy increaSe, up 0.4 percent to 80.1 percent, over 2019.