Chris Klauda

🏨 U.S. hotel chains saw room inventory grow more than independent hotels over the last decade, now comprising 73% of total rooms. As of 2024, 80.7% of the 157,000 rooms under construction belong to chains. The construction pipeline has increased by 20.6% year-over-year, with 760,000 rooms planned. Upscale and upper midscale categories dominate 50% of ongoing constructions. Key markets like New York City (70% chain dominance, 7% of existing supply under construction), Phoenix (60% chain, 5.3% under construction), Miami (48% chain, 4.6% under construction), and Nashville (97% chain, 4.5% under construction) reflect a mix of chain and independent developments.