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Dallas Leading Nation in Hotel Construction Pipeline
By projects, Dallas is on top with a record high count of 176 projects, accounting for 20,790 rooms. Additionally, a U.S. Construction Pipeline Trend Report found Dallas has the most projects scheduled to start in the next 12 months with 68 projects/7,711 rooms. Dallas also has the largest project count for hotel projects in the early planning stage, standing at 85 projects/9,644 rooms at the Q4 close.
The franchise companies with the largest construction pipelines at the end of Q4 are led by Marriott International with 1,490 projects/180,113 rooms. Following Marriott is Hilton with 1,378 projects/154,790 rooms and InterContinental Hotels Group (IHG) with 789 projects/78,951 rooms. Combined, these three companies account for 67% of the projects and 64% of the rooms in the total pipeline.
For all of 2022, Marriott opened 131 new hotels/16,643 rooms. Hilton opened 118 new hotels/13,916 rooms and IHG opened 57 new hotels/6,246 rooms.
- ◦Development
