According to the United States Construction Pipeline Trend Report by Lodging Econometrics (LE) for Q2 2023, the five markets with the largest hotel construction pipelines are Dallas with a record-high 184 projects/21,501 rooms, Atlanta with 141 projects/17,993 rooms, Phoenix with 119 projects/16,107 rooms, Nashville with 116 projects/15,346 rooms, and Los Angeles with 112 projects/17,797 rooms.
The markets with the most projects currently under construction at the Q2 close are New York with 47 projects/8,201 rooms, and Phoenix with 29 projects/6,064 rooms. Dallas has the most projects scheduled to start in the next 12 months with 69 projects/8,045 rooms, followed by Atlanta with 66 projects/7,932 rooms, and the Inland Empire market with 48 projects/4,946 rooms. Markets with the most projects in early planning are also led by Dallas with 90 projects/10,104 rooms, Los Angeles with 52 projects/8,663 rooms, and Nashville with 51 projects/6,009 rooms.
LE recorded a combined renovation and conversion pipeline total of 1,939 projects with 253,473 rooms for the U.S. at the Q2 close. The markets with the largest combined number of renovations and conversions are Atlanta with 39 projects/4,232 rooms, Chicago with 36 projects/4,921 rooms, and Dallas with 33 projects/5,687 rooms.
At the close of the second quarter, the Inland Empire market has the largest number of new projects announced into the pipeline with 7 projects/791 rooms, followed by Tampa with 6 projects/986 rooms, and Nashville with 6 projects/803 rooms.
For the first half of 2023, the U.S. opened 224 new hotels/27,194 rooms with another 384 new hotels/48,607 rooms expected to open by year-end. Reflective of the current pipeline, L.E.’s forecast for new hotel openings will continue to rise through 2025.
At Q2, the top 25 markets in the U.S. are forecast to open 40% of the rooms expected to open by year-end. Twenty-six percent of the new hotels forecast to open between now and 2023 year-end are concentrated within ten markets. Of these ten markets, those with the greatest number of new hotels forecast to open for all of 2023 are led by New York with 42 projects/7,192 rooms, followed by the Inland Empire market with 16 projects/1,564 rooms, Austin with 14 projects/2,021 rooms, Atlanta with 14 projects/1,369 rooms, and Dallas with 13 projects/2,100 rooms.
In 2024, Atlanta is forecast to top the list of new hotel openings with 20 projects/3,198 rooms, then Phoenix with 19 projects/3,480 rooms, and Dallas with 19 projects/2,159 rooms.
At this time, in 2025, Atlanta is anticipated to again lead in new hotel openings with 24 projects/2,829 rooms expected to open, followed by Dallas with 23 projects/2,343 rooms, and the Inland Empire market with 18 projects/1,844 rooms.
Related Stories
| Aug 11, 2010
Colorado hospital wins LEED Gold
The main building of the Medical Center of the Rockies in Loveland, Colo., is a 136-bed regional medical center offering a full spectrum of services, with specialties in cardiac and trauma care. Constructed primarily of brick, native sandstone, and 85,000 sf of metal panels manufactured by Centria, the 600,000-sf main building, by Denver-based HLM Design, is one of the few hospitals in the nati...
| Aug 11, 2010
Design ups comfort, care in cancer center
A new cancer center is slated to open in fall 2011 at Banner Gateway Medical Center, Gilbert, Ariz. The three-story, 120,000-sf, $107 million cancer center will contain physician clinics, medical imaging, radiation oncology, infusion therapy, and support services. A/E firm Cannon Design has created a visually open, column-free interior to increase patient comfort and care.
| Aug 11, 2010
Charlotte hospital expands its surgery capabilities
The Chicago office of RTKL designed Carolinas HealthCare System's Mercy Medical Plaza, Charlotte, N.C. The 150,000-sf hospital houses 12 operating rooms with expanded pre-operative and recovery space, a pharmacy, and a central sterile processing unit. Tenant space occupies 75,000 sf. RTKL mimicked the materials and mass of older buildings on the campus but created a more modern look by using ex...
| Aug 11, 2010
And the world's tallest building is…
At more than 2,600 feet high, the Burj Dubai (right) can still lay claim to the title of world's tallest building—although like all other super-tall buildings, its exact height will have to be recalculated now that the Council on Tall Buildings and Urban Habitat (CTBUH) announced a change to its height criteria.
| Aug 11, 2010
Spa resort in harmony with mountain setting
The Sparkling Hill Resort and Wellness Hotel in Vernon, B.C., looks as if it was chiseled out of bedrock and jutting from the mountainside. Designed by the Victoria, B.C., office of Cannon Design, the 240,000-sf resort has 152 guest rooms with floor-to-ceiling windows and spa-like bathrooms, as well as a signature 20,000-sf whole-body wellness spa with treatment rooms designed to feel like they...
| Aug 11, 2010
Triangular tower targets travelers
Chicago-based Goettsch Partners is designing a new mixed-use high-rise for the Chinese city of Dalian, located on the Yellow Sea coast. Developed by Hong Kong-based China Resources Land Limited, the tower will have almost 1.1 million sf, which includes a 377-room Grand Hyatt hotel, 84 apartments, three restaurants, banquet space, and a spa and fitness center.
| Aug 11, 2010
Expanding retail complex is LEED pre-certified
The Promenade at Coconut Creek in Broward County, Fla., a live-work-play shopping and lifestyle center, is being expanded by 105,000 sf. When phase II of the 335,000-sf project is complete, the facility will house 75 retailers, restaurants, and related services, making it one of the largest mixed-use projects in northern Broward County.
| Aug 11, 2010
CityCenter projects get LEED Gold
MGM Mirage and Infinity World Development have received LEED Gold certification for the first three CityCenter projects: the ARIA Resort hotel tower, ARIA Resort convention center and theater, and the Vdara Hotel (above). The CityCenter developers anticipate Gold or Silver LEED certification for the project's remaining developments, which include a Mandarin Oriental hotel, a 500,000-sf retail a...
| Aug 11, 2010
Philadelphia cancer center seeks LEED certification
The New York office of Thornton Tomasetti provided structural engineering services for the Ruth and Raymond Perelman Center for Advanced Medicine in Philadelphia, a $232 million medical research center and advanced treatment center for cancer and cardiovascular disease. Designed by a joint venture of Perkins Eastman Architects and Rafael Vinõly Architects, the 340,000-sf facility will hous...
| Aug 11, 2010
High-level NICU opens in Washington, D.C.
Design to the highest distinction available by the American Academy of Pediatrics, the new Level IIIC neonatal intensive care unit (NICU) at Children's National Medical Center in Washington D.C., is equipped to care for the sickest premature babies, including those that require open-heart surgery. The 54-bed facility, designed by Karlsberger with KLMK Group as space planner, is four times large...
