The most recent United States Building Pipeline Pattern Report from Lodging Econometrics (LE) confirmed that Dallas is main the nation’s lodge building pipeline with a record-breaking 204 tasks totaling 23,669 rooms. Atlanta adopted with a document of 168 tasks (19,431 rooms), whereas Nashville (130 tasks/17,029 rooms), Phoenix (document 130 tasks/16,824 rooms), and the Inland Empire (122 tasks/12,234 rooms) accomplished the highest 5 markets.
Within the under-construction stage of the pipeline, New York Metropolis led with 36 tasks (5,928 rooms), adopted by Phoenix (31 tasks/4,788 rooms), Dallas (31 tasks/3,467 rooms), Atlanta (27 tasks/3,211 rooms), and the Inland Empire (19 tasks/1,962 rooms).
Dallas continued to dominate deliberate building begins anytime inside the subsequent 12 months with 78 tasks (8,856 rooms). Atlanta adopted with 62 tasks (7,545 rooms), then Austin with 53 tasks (6,663 rooms), whereas Nashville and Phoenix every had 48 tasks deliberate (6,533 and 6,272 rooms respectively).
The early starting stage additional demonstrated Dallas’ market energy, with 95 tasks (11,346 rooms). Atlanta was subsequent with 79 tasks (8,675 rooms) in early planning, whereas Nashville (64 tasks/7,840 rooms), Los Angeles (56 tasks/9,243 rooms), and Austin (55 tasks/5,974 rooms) rounded out the highest 5.
These undertaking 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 tasks with 255,816 rooms. Washington, D.C. led these mixed tasks with 34 tasks comprising 5,204 rooms, whereas Chicago and Charlotte every reported 31 tasks (7,514 and three,384 rooms respectively). Houston adopted with 30 tasks (4,335 rooms), and Atlanta accomplished the highest 5 with 28 tasks (3,595 rooms).
The fourth quarter additionally noticed 459 new undertaking bulletins nationwide, with 46 p.c of those bulletins concentrated within the prime 50 U.S. markets. Dallas emerged because the chief in new undertaking bulletins with 20 tasks (2,061 rooms), adopted by Phoenix (12 tasks/1,376 rooms) and Raleigh-Durham (10 tasks/1,146 rooms). Las Vegas and Nashville rounded out the highest markets for brand new bulletins, every with 8 tasks (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 recent lodge openings with 16 motels (1,824 rooms), adopted by Dallas (14 motels/1,847 rooms), Nashville (13 motels/1,770 rooms), Orlando (11 motels/1,908 rooms), and Phoenix (10 motels/1,230 rooms).
