The construction market in North America is forecasted by GlobalData to grow by 1.9% in real terms in 2024, having decreased by 5.7% in 2023. A key growth market will be the infrastructure market, with output rising by 11.1% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are North America’s five largest leisure and hospitality building construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. University of Utah Student Housing Community
The project involves the construction of a student housing community comprising 5000 beds in Salt Lake City, Utah, the US.
Construction work started in Q3 2024 and is expected to be completed in Q4 2030.
The project aims to help meet the housing needs of students within the main campus area.
2. Westin Cocoa Beach Resort Redevelopment
The project involves the construction of a six-story hotel comprising 502 rooms on a 6.3ha of land in Cocoa Beach, Florida, the US.
Construction work commenced in Q3 2024 and is expected to finish in Q2 2027.
The aim of the project is to become iconic and emblematic of the Space Coast’s revival as an economic hub and lifestyle destination.
3. Duke Energy Convention Center Renovation
The project involves the renovation of a convention center and a hotel in Cincinnati, Ohio, the US.
Construction work started in Q3 2024 and is forecast to complete in Q1 2026.
The project aims to provide a long-term plan for a possible expansion of the convention center over Elm Street.
4. Simmons Bank Liberty Stadium Renovation
The project involves the renovation of the 32,000-seat Simmons Bank Liberty Stadium in Memphis, Tennessee, the US.
Construction work commenced in Q3 2024 and is expected to be completed in Q3 2026.
5. Hilton Anaheim Hotel Renovation
The project involves the renovation of a hotel in Anaheim, California, the US.
Construction work started in Q3 2024 and is expected to be completed in Q3 2025.
For more details on the latest construction projects, buy the profiles here.
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