August 30, 2017 – PORTSMOUTH, NH – In the second quarter, analysts at Lodging Econometrics (LE) report that the five U.S. markets with the largest hotel construction pipelines by project count are: New York with 190 Projects/31,923 Rooms; Houston with 159 Projects/17,472 Rooms; Dallas with 147 Projects/18,429 Rooms; Nashville with 125 Projects/16,697 Rooms; and Los Angeles with 109 Projects/17,029 Rooms.
Dallas has the most New Hotel Openings forecasted for 2017 with 42 Hotels/5,029 Rooms, then New York, which is expected to open 38 Hotels/5,657 Rooms followed by Houston with 31 Hotels/3,182 Rooms. In 2018, New York is forecasted to open the most hotels with 60 Projects/9,666 Rooms and in 2019, Houston will lead with 39 Projects/4,779 Rooms.
The markets with the most New Project Announcements into the Pipeline in the last 12 months are: New York with 57 Projects/9,342 Rooms, Dallas with 53 Projects/6,836 Rooms, and Houston with 46 Projects/4,286 Rooms.
