Dallas Led New Hotel Construction Pipeline in Q3

Portsmouth, NH, October 27, 2026—According to the recent Q3 2026 United States Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter, the five markets with the largest hotel construction pipelines are led by Dallas with 184 projects/23,646 rooms. Atlanta follows with 154 projects/16,938 rooms, then Nashville with 122 projects/16,197 rooms, Austin with 112 projects/13,169 rooms, and Inland Empire with 110 projects/10,909 rooms.

As of the end of Q3, five U.S. markets stand out for their active under construction hotel projects. Dallas leads with 36 projects totaling 3,764 rooms, followed by New York with 28 projects and 6,965 rooms. Phoenix is third with 25 projects comprising 3,992 rooms, while Atlanta has 24 projects with 2,412 rooms, and Indianapolis rounds out the top five with 22 projects and 3,065 rooms.

At Q3, Dallas, with 72 projects/8,544 rooms, has the most projects scheduled to start construction in the next 12 months. Following Dallas are Atlanta with 57 projects/6,633 rooms, Austin with 55 projects/5,855 rooms, Nashville with 53 projects/6,994 rooms, and Inland Empire with 46 projects/4,803 rooms.

Dallas tops the list of markets with the most hotel projects in the early planning stage at Q3, with 76 projects/11,338 rooms. Atlanta follows with 73 projects/7,893 rooms, while Orlando and Inland Empire tie with 51 projects each; Orlando accounts for 12,253 rooms and Inland Empire for 5,001 rooms. Nashville rounds out the top five with 48 projects and 6,648 rooms.

Dallas and Atlanta, with 8 projects each, have the largest number of new project announcements (NPAs) in the pipeline at Q3, with Dallas accounting for 1,908 rooms and Atlanta for 704 rooms. Tampa, Indianapolis, and Cincinnati follow with 5 projects each, accounting for 736 rooms, 625 rooms, and 508 rooms, respectively. In total, 86 NPAs accounting for 11,089 rooms enter the pipeline across the top 50 U.S. markets during the third quarter.

LE records a combined U.S. renovation and conversion total led by Washington, DC-MD-VA with 32 projects/4,325 rooms, followed by Atlanta with 31 projects/5,258 rooms and Houston with 31 projects/4,426 rooms. Dallas, Chicago, and San Antonio each have 30 projects, with Dallas accounting for 5,306 rooms, Chicago for 5,287 rooms, and San Antonio for 2,935 rooms.

During the third quarter, 56 new hotels/6,664 rooms open across the top 50 U.S. markets. Phoenix leads with 6 hotels/612 rooms, followed by Dallas with 4 hotels/621 rooms, Inland Empire with 4 hotels/425 rooms, and Atlanta with 4 hotels/421 rooms.

Looking ahead, Phoenix leads the 2026 year-end new hotel openings forecast with 25 projects/3,517 rooms, followed by Dallas with 18 projects/2,050 rooms, New York with 14 projects/2,495 rooms, and Atlanta and Houston with 10 projects each, accounting for 1,125 rooms and 903 rooms, respectively.For 2027, Dallas is forecast to lead new hotel openings with 28 projects/2,604 rooms, followed by Atlanta with 20 projects/1,937 rooms, Phoenix with 17 projects/2,094 rooms, Indianapolis with 16 projects/2,261 rooms, and New York with 15 projects/2,557 rooms.