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.
Related Stories
Codes and Standards | Dec 28, 2020
CSI and ASTM standards can now be connected through a central location
CROSSWALK web service accesses standards specific to projects from feasibility to turnover.
Codes and Standards | Dec 28, 2020
Dept. of Energy offers Better Buildings Field Validation Results Hub
One-stop-shop for information associated with technology validations in buildings.
Codes and Standards | Dec 28, 2020
2021 Defense Authorization Act includes mass timber provision
Directs defense, agriculture secretaries to review potential for wood frame construction on defense building projects.
Codes and Standards | Dec 28, 2020
New York City proposal would require rainwater detention tanks for new development
Rule would apply to projects on lots sized 20,000 sf or larger.
Codes and Standards | Dec 17, 2020
Energy efficiency as a service gaining ground as financing approach for adopting innovations
Building owners can invest in new technology with no upfront cost.
Codes and Standards | Dec 16, 2020
Resources available to address Legionella threat
Buildings reopened after extended pandemic closure are at risk.
Codes and Standards | Dec 16, 2020
New Specifications for Concrete Construction reference manual released
Scope expanded to include shotcrete, internal curing, mineral fillers, and recycled concrete aggregates.
Codes and Standards | Dec 15, 2020
Despite COVID-19 population flight, don’t write off big cities yet
Lure of urban life and jobs may draw people back after pandemic subsides.
Codes and Standards | Dec 10, 2020
Test method for vertical fenestration installation procedures updated
FGIA issues first update for document created in 2005.
Codes and Standards | Dec 10, 2020
Updated EPDs for Polyiso Roof and Wall Insulation; EPD for Polyiso High-Density Cover Boards published
Cover Boards EPD is an industry first.
