Lodging Econometrics | December 05, 2016
Lodging Econometrics (LE) reports that according to its most recent Construction Pipeline Trend Report, Dallas has the third largest pipeline in the country. With 131 Projects/15,819 Rooms in the Total Pipeline, it increased by 25 projects or 24% Year-Over-Year (YOY). There are 51 Projects/6,283 Rooms Under Construction up 22 Projects, or 76% YOY. Those Scheduled to Start Construction in the Next 12 Months are at 57 Projects/7,281 Rooms adding 13 Projects, an increase of 30% YOY. Projects in Early Planning are at 23 Projects/2,255 Rooms, down 10 projects YOY as older projects migrate up the pipeline towards construction.
