PORTSMOUTH, NH—Analysts at Lodging Econometrics (LE) have reported that the five U.S. markets with the largest number of hotel construction projects in the second quarter of 2017 are: New York with 190 projects/31,923 rooms; Houston with 159 projects/17,472 rooms; Dallas with 147 projects/18,429 rooms; Nashville with 125 projects/16,697 rooms; and Los Angeles with 109 projects/17,029 rooms.
Dallas had the most new hotel openings forecasted for 2017 with 42 hotels/5,029 rooms, followed by New York, which is expected to open 38 hotels/5,657 rooms, and Houston, with 31 hotels/3,182 rooms. In 2018, New York is forecasted to open the most hotels with 60 projects/9,666 rooms and in 2019, Houston is expected to lead with 39 projects/4,779 rooms.
New York is also the market with the most hotel projects in the pipeline (57 projects/9,342 rooms announced in the last 12 months), followed by Dallas with 53 projects/6,836 rooms and Houston with 46 projects/4,286 rooms.
