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 | Jan 6, 2020
OSHA plans multiple revisions to rules impacting construction industry in 2020
Cranes and derricks, welding in confined spaces, beryllium exposure, and more on docket.
Codes and Standards | Jan 3, 2020
Labor supply and capability of workers worry contractors
Three out of four firms plan to add workers in 2020.
Codes and Standards | Jan 3, 2020
Car-free streets could become common in major cities
New York and San Francisco establish thoroughfares dedicated to transit, pedestrians.
Codes and Standards | Jan 2, 2020
CRE professionals have increased interest in embodied carbon accounting, smart buildings
Survey also shows that interest in resiliency lags behind.
Codes and Standards | Jan 2, 2020
White paper focuses on Metal Composite Material labeling
Document part of effort to uphold industry standards for the product.
Codes and Standards | Dec 18, 2019
Hard Rock Hotel collapse in New Orleans puts spotlight on undocumented workers
Having helped rebuild the city after Hurricane Katrina, many under threat of deportation.
Codes and Standards | Dec 18, 2019
Maryland lawmakers take on blocked sidewalks during construction projects
Legislation clarifies developers’ responsibilities.
Codes and Standards | Dec 18, 2019
New York City passes legislation to prevent bird strikes on buildings
Requires bird-safe materials on first 75 feet of a structure.
Codes and Standards | Dec 16, 2019
New Buildings Institute seeks entries for Zero Buildings Database
Listing illustrates feasibility of ultra low-energy buildings.
Codes and Standards | Dec 13, 2019
USGBC launches new tool to prioritize sustainability strategies
Highlights building design features that can lead to better performance.
