The fourth quarter U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE) reported Dallas as the U.S. market with the largest hotel construction pipeline with a record-high count of 176 projects, accounting for 20,790 hotel rooms.
Other U.S. markets appearing near the top with Dallas include Atlanta, with 145 projects and 18,100 rooms; Los Angeles, with 122 projects and 19,419 rooms; Phoenix, with 116 projects and 16,229 rooms; and Nashville, with 106 projects and 14,198 rooms.
“Dallas is once again leading the U.S. market in hotel projects in the construction pipeline, and this is just one more example of how Dallas continues to invest in and meet the demand for travel to our incredible city,” said Craig Davis, president and CEO of Visit Dallas. “We have so much to offer both leisure and business visitors, with a variety of accommodation that is unmatched, adding a JW Marriott as well as the Hotel Swexan later this year. Dallas will be a FIFA World Cup host city in 2026, open our new world class convention center in 2028, host the Men’s NCAA Final Four in 2030, Women’s Final Four in 2031, and we know this is just the beginning of the great things in store for this city.”
At the close of Q4 2022, Dallas had the most projects scheduled to start within the next 12 months with 68 properties set to bring 7,711 rooms planning to break ground in 2023. The city also has the largest project count for hotel projects in the early planning stages with 85 hotels and nearly 9,650 rooms at the Q4 close.
Looking back at 2022, the U.S. markets with the most new openings were New York, with 29 projects and 4,223 rooms; Austin, with 18 projects and 2,233 rooms; Nashville, with 15 projects and 2,354 rooms; Atlanta, with 13 projects and 1,746 rooms and Washington, D.C., with 11 projects and just over 2,000 rooms.
For more information and statistics, or to access the full LE U.S. Construction Pipeline Trend Report, visit www.LodgingEconometrics.com.
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