Dallas Continues to Lead the U.S. Building Pipeline


Dallas, Texas

In response to the Q3 2024 U.S. Lodge Building Pipeline Pattern Report from Lodging Econometrics (LE), on the shut of the quarter, the 5 markets with the most important lodge building pipelines had been led by Dallas with a record-high of 194 tasks and 22,803 rooms, adopted by Atlanta with a record-high 166 tasks accounting for 19,174 rooms, Nashville with a record-high 130 tasks and 16,966 rooms, Phoenix with 123 tasks/15,999 rooms, and Austin with a record-high 119 tasks accounting for 13,962 rooms. These prime 5 markets mixed accounted for 732 tasks/88,904 rooms.

In Q3, 5 U.S. markets stood out for his or her energetic under-construction lodge tasks. New York leads with 42 tasks/6,771 rooms, adopted by Dallas with 30 tasks/3,443 rooms. Atlanta was third with 26 tasks/3,001 rooms, whereas Phoenix and Nashville adopted with 25 tasks/4,522 rooms and 23 tasks/3,269 rooms, respectively.

Dallas, with 73 tasks/8,708 rooms, had essentially the most tasks scheduled to start out within the subsequent 12 months. Following Dallas are Atlanta with 62 tasks/7,708 rooms, Inland Empire with 57 tasks/5,670 rooms, Phoenix with 55 tasks/6,620 rooms, and Austin with 49 tasks/5,797 rooms.

Dallas additionally topped the checklist of markets with essentially the most lodge tasks within the early strategy planning stage in Q3, together with 91 tasks that can add 10,652 rooms. Atlanta adopted with 78 tasks set to carry 8,465 rooms, whereas Nashville had 64 tasks totaling 7,885 rooms. Austin and Los Angeles rounded out the highest 5, with Austin at 55 tasks/6,434 rooms and Los Angeles at 51 tasks/8,491 rooms.

Within the third quarter, LE recorded a mixed U.S. renovation and conversion whole of 1,969 energetic tasks with 262,048 rooms. The markets with the most important mixed variety of renovations and conversions in Q3 had been Chicago with 34 tasks/7,704 rooms, Atlanta with 31 tasks/4,557 rooms, Phoenix with 29 tasks/5,267 rooms, Washington, DC-MD-VA with 29 tasks/4,452 rooms, and Los Angeles with 28 tasks/4,468 rooms.

4 hundred one new undertaking bulletins (NPAs), accounting for 42,413 rooms, had been introduced throughout the third quarter. In Q3, Dallas, with 15 tasks/1,549 rooms, had the most important variety of new tasks introduced into the pipeline, adopted by Atlanta with 11 tasks/1,104 rooms, Austin with 9 tasks/909 rooms, Nashville with 8 tasks/1,142 rooms, and Fort Price-Arlington with 7 tasks/1,145 rooms.

In response to LE analysts, 408 new inns with 48,258 rooms opened in the US via Q3 2024. Of those openings, 67 p.c of inns (60 p.c of rooms) had been in suburban places, and 47 p.c of inns (54 p.c of rooms) had been within the prime 50 markets.

The LE forecast for brand spanking new lodge openings for the rest of 2024 in the US consists of an extra 223 inns with 23,902 rooms, bringing the year-end 2024 projection to 631 new inns with 72,160 rooms to open. The New York market is forecast to open 20 new inns/2,181 rooms, adopted by Atlanta and Dallas every with 16 new inns (2,898 and a couple of,045 rooms respectively), Orlando with 13 new inns/2,398 rooms, and Indianapolis with 12 new inns/1,347 rooms.

Wanting forward, LE forecasts 759 new lodge openings/86,264 rooms in 2025 and 938 new lodge openings/101,017 rooms in 2026. For 2025, New York leads with 23 new inns/3,147 rooms forecast to open, adopted by Nashville and Dallas every with 18 new inns (2,463 and 1,820 rooms respectively), Phoenix with 17 new inns/2,864 rooms, and Inland Empire with 16 new inns/1,530 rooms. In 2026, LE analysts forecast 938 new inns/101,017 rooms to open in the US.



Supply hyperlink

Recent Articles

Related Stories

Stay on op - Ge the daily news in your inbox