Lodging Econometrics | December 05, 2016
December 5, 2016 – PORTSMOUTH, NH
According to Lodging Econometrics (LE) Houston has 169 Projects/19,885 Rooms in the Total Construction Pipeline. Following New York City, it has the second largest pipeline in the country.
Of all markets, Houston has the most projects Scheduled to Start Construction in the Next 12 Months with 87 Projects/9,627 Rooms, over half of its Total Pipeline projects. Houston also has the most projects in Early Planning with 40 Projects/4,252 Rooms. The remaining 42 Projects/6,006 Rooms are presently Under Construction.
With its Total Pipeline continuing to grow, Houston is an upward trending market that will likely soon top its previous peak of 171 projects reached in 2008.
