This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
NYC pipeline: Manageable growth?
May 16 2011

New York will add more guestrooms than any other top U.S. market this year. Can it support the expansion while maintaining robust performance?

Highlights
  • During the past 12 months, New York City added 37 hotels with 5,638 rooms.
  • As of April, New York has 173 hotels with 20,650 rooms in the active pipeline, according to STR/ McGraw-Hill Construction Dodge.
  • If everything planned to open in 2011 comes to fruition, this would be a 4.2% increase in supply for the market.

America’s best performing market saw a hiccup early this year, and it’s not very hard to see why—during the past 12 months New York City added 37 hotels with 5,638 rooms, which is more than any other top U.S. market.

For more about how this supply deluge is impacting performance, take a look at Shawn A. Turner’s story today about the market. For more about the pipeline, keep reading this blog …

New York also has the largest active pipeline in the United States. As of April, New York has 173 hotels with 20,650 rooms in the active pipeline, according to STR/McGraw-Hill Construction Dodge, so no one is pumping the brakes any time soon. If everything planned to open in 2011 comes to fruition, this would be a 4.2% increase in supply for the market. Let’s hope the recovery stays on track!

The existing supply is 538 hotels with 99,406 rooms as of April 2011, according to STR.

There are 53 projects with 6,712 rooms alone in the In Construction phase right now—so expect to see some scaffolding if you’re in town. This will also make the annual NYU conference in June a good time to go hotel sight-seeing.

Some of the notable upcoming openings:

  • aloft New York Brooklyn (June)
  • Yotel New York Times Square (June—also the largest upcoming property with 669 rooms)
  • The NoMad Hotel (June)
  • Dream Downtown (June)
  • Holiday Inn New York Midtown (June)
  • Hyatt 48 Lex (July)
  • TRYP New York City Times Square South (July)

Got any hotel openings that you’re looking forward to? Share with us below.

COMMENTS   Show All
shiggins7
5/17/2011 10:24:00 AM
@rswarts: Sorry about the printing issue. We love trees! Did you try using the PDF option? That should allow you to print the cleanest copy of any article. Thanks, Stacey
rswarts
5/16/2011 5:27:00 PM
Do you realize that to print this short article, it prints 4 pages ? That is such a waste with today's focus on reducing waste such as paper. Hopefully, you can set upa print option for your readers to just print the article text. Thanks very much.
Login or enter a name   Post Your Comment  Check to follow this thread via email alerts (must be logged in)
(4000 characters max)

Comments that include links or URLs will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff

TRENDING
Hoteliers can learn from Airbnb’s rebrand
The secret to millennial loyalty? Service
Revenue management tips to capture more demand
Hotel cycle moving to consolidation phase
Affordable luxury propels CitizenM’s growth
How to implement a rooms upselling program
VIDEO
NYU Investment Conference Recap
Hunter Hotel Conference postgame wrap
Bazin outlines Accor investment strategy
Accor's Bazin talks growth
Sébastien Bazin's view from the top
LATEST NEWS
US hotel conversion list
GLH builds on London footprint with new brands
Keep patent trolls out of your hotel
Last-ditch effort to save Brand USA
Keycard ‘revolution’ at Hilton’s front door
Gaining global ground takes persistence, risks
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
        
Copyright © 2004 - 2014 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy