Houston, Texas Leads in Projects to Start Construction in the Next 12 Months
August 18, 2016 12:15pm
August 18, 2016 – PORTSMOUTH, NH – Houston has 170 Projects/20,083 Rooms in the Hotel Construction Pipeline according to Lodging Econometrics (LE). Of all markets, Houston has the most projects Scheduled to Start Construction in the Next 12 Months with 87 Projects/9,771 Rooms. Other project stage totals consist of 49 Projects/6,692 Rooms Under Construction and 34 Projects/3,620 Rooms in Early Planning.
With 29 projects Scheduled to Start Construction in the Next 12 Months, InterContinental Hotels Group (IHG) has the most scheduled projects of all franchise companies in Houston. Marriott International and Hilton Worldwide are tied for second, both having 16 projects scheduled to go in the ground in the next 12 months.
Tags: hotel construction pipeline,
u.s. hotel construction pipeline,
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Lloyd
The Americas Is the Top World Region and Market in the Global Construction Pipeline
Global Hotel Construction Pipeline Growing with Projects up 8% YOY
Hotel Construction Pipeline in the Middle East Is Growing with Projects Up 13% YOY
The Europe Hotel Construction Pipeline Is up 25% With 1,186 Projects in the Total Pipeline
Latin America's Construction Pipeline Is Stalling
China's Construction Pipeline Remains Strong Up 7% YOY with Shanghai Leading the Way
Extended-Stay Hotels Set for Substantial Growth According to U.S. Hotel Construction Pipeline
Upper Midscale and Upscale Are the Largest Chain Scales in the U.S. Construction Pipeline
Top Franchise Companies in the U.S. Construction Pipeline are Marriott, Hilton and IHG Comprising 67% of Projects in the Total Pipeline
Marriott Has the Largest Construction Pipeline of Any Franchise Company in the U.S.
New York Market Leads U.S. Markets with the Largest Construction Pipeline Followed by Houston and Dallas
U.S. Hotel Construction Pipeline Up 7% Year-Over-Year with a 20% Increase in New Supply Forecast for 2017
Europe's Construction Pipeline Steady Showing 13 Percent Increase YOY
Canada's Construction Pipeline Is on the Upswing
China Construction Pipeline Remains Steady Despite Total Pipeline Drop of 7 Projects YOY
Asia Pacific Construction Pipeline Excluding China Remains Steady With Projects Up 1% YOY
U.S. Hotel Supply Forecast for 2017 Shows 22 Percent Increase Over Total Number of Openings Last Year
Upper Midscale Category Leads Construction Pipeline with 2,067 Projects/205,662 Rooms Followed by Upscale with 1,246 Projects/161,229 Rooms
Marriott Takes Top Spot for Franchise Companies with Most Rooms in Construction Pipeline Trend Report
New York Has the Most New Hotel Openings Forecasted for 2017 & Marriott Has Largest Construction Pipeline
Please login or register to post a comment.