Lodging Econometrics (LE) analysts this week reported the top six U.S. markets with the largest hotel construction pipelines, as of the fourth quarter of 2018.
1New York City
New York City once again tops the list for U.S. markets with the most hotel construction with 171 projects totaling 29,457 rooms. The Big Apple is also expected to top the forecast for new hotel openings in 2019—with 65 new hotels totaling 9,396 rooms.
Dallas’ hotel construction pipeline hit an all-time high with 163 projects and 19,476 rooms in the fourth quarter of 2018. The city is expected to have the second highest number of new hotel openings in 2019—31 hotels and 3,673 rooms.
Los Angeles’ hotel construction pipeline reached a record 147 projects totaling 23,404 rooms in the fourth quarter of 2018. LE forecasts that Los Angeles will open 14 new hotels and 2,124 rooms in 2019—the fifth highest number of new hotel openings for the year.
House had the fourth largest hotel construction pipeline with 141 projects and 15,499 rooms. However, Houston is expected to beat out L.A. and have the third highest number of hotel openings in 2019—30 new hotels and 3,478 rooms.
Atlanta’s hotel construction pipeline in the last quarter of 2018 totaled 115 projects and 15,522 rooms.
Nashville’s hotel pipeline trailed Atlanta’s at 114 projects totaling 15,510 rooms. However, Nashville is forecasted to have the fourth highest number of 2019 hotel openings in the country with 22 hotels and 2,785 rooms.