2016 Year-End Issue
NEHR is the only hotel brokerage firm with access to industry-leading lodging real estate intelligence through an exclusive partnership with Lodging Econometrics (LE).
In this issue, you will get the first look at how the hotel industry in New England performed in 2016.
According to a recent Construction Pipeline Trend Report from Lodging Econometrics (LE), the markets with the largest number of New Hotel Openings in 2016 by project count are: Houston with 35 projects/4,186 Rooms, New York with 29 Projects/4,796 Rooms, Dallas with 24 Projects/2,957 Rooms, Miami with 18 Projects/2,217 Rooms and Austin with 17 Projects/1,943 Rooms.
In 2016, 841 Hotels/95,346 Rooms opened nationwide. 275 of these hotels and 38,731 of the rooms are in the top 25 markets, representing 33% of all hotels and 41% of the rooms.