New York is Top Market for New Hotel Openings in 2016 According to U.S. Construction Pipeline Trend Report
PORTSMOUTH, N.H. August 18, 2016 - According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the markets expecting the largest number of New Hotel Openings in 2016 are: New York with 46 Projects/7,129 Rooms, Houston with 36 projects/4,145 Rooms, Dallas with 25 Projects/3,014 Rooms, Miami with 21 Projects/2,638 Rooms and Austin with 19 Projects/2,176 Rooms.
In the first half of 2016, the U.S. opened 380 Hotels/42,798 Rooms. 116 of these hotels and 17,084 of the rooms were in the top 25 markets, representing 31% of all hotels and 40% of the rooms opened in the first half.
About Lodging Econometrics
Lodging Econometrics (LE) is the lodging industry's leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients' business goals into timely opportunities.
Contact:
Emily Lloyd
elloyd@lodgingeconometrics.com
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Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
