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.
