New York Leads U.S. with Most Hotel Openings

    According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the markets expecting the largest number of new hotel openings in 2016 are: New York with 46 projects/7,129 rooms, Houston with 36 projects/4,145 rooms, Dallas with 25 projects/3,014 rooms, Miami with 21 projects/2,638 rooms, and Austin with 19 projects/2,176 rooms.

    In the first half of 2016, the U.S. opened 380 hotels/42,798 rooms. 116 of these hotels and 17,084 of the rooms were in the top 25 markets, representing 31 percent of all hotels and 40 percent of the rooms opened in the first half.