Eight new hotels opened across metro Houston in the first nine months of this year, the fourth largest number of new properties in the country, according to Lodging Econometrics most recent Construction Pipeline Report.

The eight new hotels represent roughly 1,150 new rooms for the Houston area market. Austin also opened eight new properties but those total just over 1,000 rooms. The top three markets with the most new properties through Q3 were New York City with 14 new properties totaling 2,400 rooms, followed by Atlanta with 11 hotels with 1,108 rooms, and Detroit with 10 hotels and nearly 1,300 rooms.

Nationwide, 345 new hotels opened in the first nine months of the year totaling more than 41,100 rooms. Another 182 hotels are slated to open before the end of the year, according to the pipeline report.

Looking at the broader construction pipeline ahead, Dallas leads the pack with 189 projects slated for delivery in coming years that will add more than 21,000 hotel rooms to that market. Atlanta follows with 140 projects and Nashville rounds out the top three with 122 projects.

In the Houston market, more than 60 properties are under construction or in final planning stages, according to data from CoStar. These represent nearly 7,700 rooms slated for delivery in the coming years.

Metro hotel occupancy averaged 61% in the first 10 months of the year, up 6.8% compared with the same period a year ago, according to STR. Average daily rate (ADR) and revenue per available room (RevPAR) were up 6.8% and 14.1% respectively so far this year compared with 2022.

Pictured: A room at the recently opened Moxy Hotel Houston 

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