New York City named largest hotel construction in pipeline
At the end of the first half of 2019, analysts at Lodging Econometrics report that the top U.S. markets with the largest hotel construction pipeline is New York City with 166 projects/28,231 rooms.
Next are Dallas and Los Angeles with 162 projects/19,972 rooms and 158 projects/25,428 rooms, respectively. Houston follows with 146 projects/14,998 rooms, and Atlanta with 130 projects/17,280 rooms.
For the first half of 2019, the United States has opened 456 new hotels/53,527 rooms with another 599 new hotels/66,300 rooms expected to open by year-end.
Twenty-five percent of the new hotels forecast to open between now and the 2021 year-end are concentrated in 10 markets. These markets are New York City, Los Angeles, Orlando, Dallas, Atlanta, Nashville, Houston, Washington, D.C., Miami, and Phoenix. The top 25 markets are forecast to open 40 percent of the rooms expected to open.