The newest United States Building Pipeline Development Report from Lodging Econometrics (LE) confirmed that Dallas is main the nation’s lodge development pipeline with a record-breaking 204 initiatives totaling 23,669 rooms. Atlanta adopted with a document of 168 initiatives (19,431 rooms), whereas Nashville (130 initiatives/17,029 rooms), Phoenix (document 130 initiatives/16,824 rooms), and the Inland Empire (122 initiatives/12,234 rooms) accomplished the highest 5 markets.
Within the under-construction stage of the pipeline, New York Metropolis led with 36 initiatives (5,928 rooms), adopted by Phoenix (31 initiatives/4,788 rooms), Dallas (31 initiatives/3,467 rooms), Atlanta (27 initiatives/3,211 rooms), and the Inland Empire (19 initiatives/1,962 rooms).
Dallas continued to dominate deliberate development begins anytime throughout the subsequent 12 months with 78 initiatives (8,856 rooms). Atlanta adopted with 62 initiatives (7,545 rooms), then Austin with 53 initiatives (6,663 rooms), whereas Nashville and Phoenix every had 48 initiatives deliberate (6,533 and 6,272 rooms respectively).
The early strategy planning stage additional demonstrated Dallas’ market energy, with 95 initiatives (11,346 rooms). Atlanta was subsequent with 79 initiatives (8,675 rooms) in early planning, whereas Nashville (64 initiatives/7,840 rooms), Los Angeles (56 initiatives/9,243 rooms), and Austin (55 initiatives/5,974 rooms) rounded out the highest 5.
These mission counts underscored unprecedented future development within the U.S. lodge sector, with the South and Southwest areas main the best way.
LE’s newest report additionally revealed substantial lodge renovation and conversion exercise throughout america on the finish of This fall 2024, totaling 1,997 initiatives with 255,816 rooms. Washington, D.C. led these mixed initiatives with 34 initiatives comprising 5,204 rooms, whereas Chicago and Charlotte every reported 31 initiatives (7,514 and three,384 rooms respectively). Houston adopted with 30 initiatives (4,335 rooms), and Atlanta accomplished the highest 5 with 28 initiatives (3,595 rooms).
The fourth quarter additionally noticed 459 new mission bulletins nationwide, with 46 % of those bulletins concentrated within the prime 50 U.S. markets. Dallas emerged because the chief in new mission bulletins with 20 initiatives (2,061 rooms), adopted by Phoenix (12 initiatives/1,376 rooms) and Raleigh-Durham (10 initiatives/1,146 rooms). Las Vegas and Nashville rounded out the highest markets for brand spanking new bulletins, every with 8 initiatives (4,556 and 991 rooms respectively).
The U.S. market noticed 583 new lodge openings accounting for 67,995 rooms by This fall 2024. New York topped the checklist of latest lodge openings with 16 accommodations (1,824 rooms), adopted by Dallas (14 accommodations/1,847 rooms), Nashville (13 accommodations/1,770 rooms), Orlando (11 accommodations/1,908 rooms), and Phoenix (10 accommodations/1,230 rooms).
