The most recent Construction Pipeline Trend Report for the United States, compiled by Lodging Econometrics (LE), reveals the top five markets with the largest hotel construction pipelines by projects at the end of the third quarter.
The list is topped by Dallas, with an all-time high of 189 projects/21,840 rooms; followed by Atlanta, with 140 projects/17,775 rooms; and Nashville, with 122 projects/16,046 rooms. Next is Phoenix, with 119 projects/16,455 rooms; and the Inland Empire of Southern California, with 117 projects/11,784 rooms.
In the first three quarters of 2023, 345 new hotels with 41,115 rooms opened in the U.S. with another 182 hotels/24,790 rooms anticipated to open by the close of the year.
