Data
from CoStar also projects a dramatic increase in the number of hotels opening
over the next two years, rising from 749 in 2025 to 1,688 in 2027.
NATIONAL
REPORT —New York City and Phoenix are set to open the most U.S. hotel rooms in 2026, according to pipeline data from CoStar.
The top
markets by projected 2026 room openings include: New York City (4,852 rooms),
Phoenix (3,650 rooms), Dallas (3,558 rooms), Orlando (1,988 rooms) and Miami
(1,954 rooms).
“For a
second consecutive year, New York City leads the nation in expected new-build
openings,” said Isaac Collazo, senior director of analytics at STR. “This
shouldn’t be a surprise, given that the market has also led the country in
occupancy for the last three years. That said, both room supply and room demand
are still lower today than they were in 2019, showing there is still
opportunity for further growth.”
Furthermore,
CoStar projects that the number of new hotels opening in the U.S. will double
by 2027. CoStar said 749 hotels and 79,116 rooms. That number is projected to
increase to 891 hotels and 99,011 rooms in 2026, and to 1,688 hotels and
191,926 rooms in 2027.
“While U.S.
hotel development has been slow, there is still optimism around the industry
based on the record number of projects in the pipeline,” Collazo said.
“It’s not surprising that 2025 saw the largest number of new openings
since 2021, and 2026 openings are expected to be back to the pre-pandemic
level.”