Analysts at Lodging Econometrics (LE) report that the New York City Hotel Construction Pipeline is at 192 projects/30,541 rooms, and continues to be the largest pipeline in the U.S. There are 101 projects/17,711 rooms under construction, the highest in the country, 63 projects/9,019 rooms scheduled to start construction in the next 12 months while early planning stands at 28 projects/3,811 rooms. New York City has had the largest pipeline of any market in the country for 21 consecutive quarters.
Pipeline growth trends are likely to remain strong as NYC has consistently been in the top 3 markets for new projects announcements into the pipeline and annualized construction starts for the last decade.
