OCT. 22, 2015 – PORTSMOUTH, NH
Lodging Econometrics reports that New York City continues to have the largest construction Pipeline of any market in the world with 210 Projects/33,875 Rooms. New York is forecast to open a total of 38 hotels with 5,505 rooms in 2015. The city will have twice as many hotel openings this year than any other market in the U.S. but, interestingly, fewer openings than at least seven markets in China. According to the current forecast, New York is scheduled to open another 59 hotels and 7,986 rooms in 2016 and in 2017 is predicted to open 39 hotels with 6,527 rooms.