Dallas’ hotel building boom shows no sign of a slowdown.
The Dallas area has topped the country for new hotels for more than a year.
And in the third quarter, a new high point of 189 North Texas hotel projects were in the works, according to a quarterly report by research firm Lodging Econometrics. That’s up from 176 projects in the development pipeline at the end of 2022.
The Dallas area has hotels with an estimated 21,840 new rooms in the works, according to the construction analysts.
“Dallas also leads the top five markets with the greatest number of projects in the early planning stage at the end of the third quarter,” Lodging Econometrics says in its just-released report.
After the Dallas area, the most new hotels in the construction pipeline are in Atlanta with 140 projects and Nashville with 122 projects.
About 80 Dallas-area hotels with 9,021 rooms are scheduled to start in the next 12 months.
Through the end of September, 345 hotels with 41,115 rooms opened nationwide. The greatest number of new rooms so far in 2023 are in New York and Atlanta.
Lodging Econometrics is also tracking renovations or conversions at 1,912 U.S. hotels.
Uptown Dallas’ Ritz-Carlton just completed a more than $20 million renovation.
The hotel construction tracking report estimates that 527 new U.S. hotels with 65,905 rooms will open this year. The forecast is for new hotel openings to increase in 2024 and 2025.
An 888-room Loews Hotel and conference center will open next year in Arlington.