New York is Top Market for New Hotel Openings in 2016 According to U.S. Construction Pipeline Trend Report
August 17, 2016 1:22pm
August 17, 2016 – PORTSMOUTH, NH – 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% of all hotels and 40% of the rooms opened in the first half.
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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
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