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As oil prices surge, hotel room demand in oil-producing markets poised to follow

Increased drilling activity expected to bring crews that rely on local lodging
Hotel performance in areas with high drilling activity, such as North Dakota, the Grand Prairie in Alberta, Canada, and Midland, Texas, is closely tied to oilfield activity. (Getty)
Hotel performance in areas with high drilling activity, such as North Dakota, the Grand Prairie in Alberta, Canada, and Midland, Texas, is closely tied to oilfield activity. (Getty)
CoStar Analytics
April 5, 2026 | 10:33 P.M.

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The war in Iran has disrupted global energy supply chains and pushed oil prices sharply higher since early March, setting the stage for increased oil drilling activity across North America. As new wells are brought online, the crews required to activate and operate them are likely to generate incremental room demand in nearby hotel markets.

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