Markets to Watch: Atlanta Hotel Development
November 29, 2018 1:12pm
In the most recent Lodging Econometrics (LE) Construction Pipeline Trend report on Atlanta, LE states that Atlanta has a total of 108 projects/13,578 rooms in the construction pipeline, the sixth largest pipeline of any market in the U.S. Atlanta has grown 19% by projects and 20% by rooms Year-Over-Year (YOY).
Hotels presently under construction in Atlanta are at 32 projects/3,835 rooms, projects scheduled to start construction in the next 12 months are at 52 projects/6,220 rooms, and those in early planning are at 24 projects/ 3,523 rooms. If all of the projects in the pipeline eventually come to fruition, this will increase the city’s guest room supply by 13.4%.
Atlanta should continue its fast-paced growth. For the first half of the year, it has ranked third, tied with New York nationally, for the number of new hotel projects announced into the pipeline, with 36 projects/4,291 rooms.
Tags: lodging econometrics,
construction pipeline trend,
Lodging Econometrics is the leading provider of global hotel intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable business development programs for hotel franchise companies looking to accelerate their brand growth, hotel ownership and management companies seeking to expand their real estate portfolios, and lodging industry vendors wanting to increase their sales. LE’s programs turn a client’s business goals into opportunities that advances their competitive advantage.
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