New York Boasts Largest Hotel Construction Pipeline in U.S. at Year-End 2016
February 21, 2017 12:24pm
February 21, 2017 – PORTSMOUTH, NH – Lodging Econometrics (LE) reports at that at year-end 2016 the five markets with the largest hotel construction pipelines by project count are: New York with 192 Projects/30,541 Rooms; Houston with 169 Projects/18,373 Rooms; Dallas with 140 Projects/17,291 Rooms; Nashville with 121 Projects/14,873 Rooms; and Los Angeles with 111 Projects/18,723 Rooms.
Since the fourth quarter of 2011, New York has continuously had the highest project count of any market in the Pipeline while Houston has had the second largest for the last thirteen quarters.
Future supply growth should be strong in these five markets for the next few years, particularly New York, Houston and Dallas which have been consistently amongst the Top 5 Markets with the largest number of New Project Announcements into the Pipeline.
Tags: lodging econometrics,
u.s. construction pipeline
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
New Openings Growing Steadily as the Cycle Matures
Upper Midscale and Upscale Are the Largest Chain Scales in the U.S. Construction Pipeline Comprising 67%
Marriott, Hilton and IHG Comprise 68% of All Projects in Total U.S. Construction Pipeline
Marriott Has the Largest Construction Pipeline of Any Franchise Company in the U.S.
New York Leads U.S. Markets in Hotel Construction Pipeline Followed by Houston, Dallas, Nashville and Los Angeles
U.S. Hotel Construction Pipeline Shows Moderate Increases Up 4 Percent by Projects and Rooms YOY
The Americas Is the Top World Region and Market in the Global Construction Pipeline
Global Hotel Construction Pipeline Growing with Projects up 8% YOY
Hotel Construction Pipeline in the Middle East Is Growing with Projects Up 13% YOY
The Europe Hotel Construction Pipeline Is up 25% With 1,186 Projects in the Total Pipeline
Latin America's Construction Pipeline Is Stalling
China's Construction Pipeline Remains Strong Up 7% YOY with Shanghai Leading the Way
Extended-Stay Hotels Set for Substantial Growth According to U.S. Hotel Construction Pipeline
Upper Midscale and Upscale Are the Largest Chain Scales in the U.S. Construction Pipeline
Top Franchise Companies in the U.S. Construction Pipeline are Marriott, Hilton and IHG Comprising 67% of Projects in the Total Pipeline
New York Market Leads U.S. Markets with the Largest Construction Pipeline Followed by Houston and Dallas
U.S. Hotel Construction Pipeline Up 7% Year-Over-Year with a 20% Increase in New Supply Forecast for 2017
Europe's Construction Pipeline Steady Showing 13 Percent Increase YOY
Canada's Construction Pipeline Is on the Upswing
Please login or register to post a comment.