Room for growth
A hotel boom is underway in the Dallas-Fort Worth Metroplex.
According to a new report published by hospitality data provider Lodging Econometrics, as of the second quarter of 2022, the Fort Worth-Arlington area ranks 15th nationally for the number of hotels in the pipeline — 65 projects with 8,005 rooms.
In the Dallas area, 173 hotel projects with 20,707 guest rooms are in the planning or development stages.
Dallas leads all U.S. regions based on the number of hotel projects in the pipeline, followed by Atlanta, Los Angeles, New York City, and Nashville, the report says. Dallas has led all U.S. locations in hotel development for four consecutive quarters.
“While some might expect Miami or New York City to lead the U.S. in terms of the number of hotel projects underway, that distinction actually belongs to Dallas … ,” says The Points Guy travel blog.
Among Fort Worth's highly anticipated properties is a luxe boutique hotel with a chef-driven restaurant coming to the Cultural District. A boutique hotel designed for those seeking outdoors activities is coming to Arlington.
Brian Hughes, managing director of JLL Hotels & Hospitality, tells The Points Guy that “a heavy trend of corporate and population migration to Texas” has lifted hotel performance in North Texas as the COVID-19 pandemic wanes.
Another plus, it says, is Texas’ business-friendly tax structure. This draws companies to the state, which then feeds demand for hotel rooms to accommodate business travelers.
Elsewhere in Texas:
- Houston ties for seventh place, with 94 projects featuring 10,247 guest rooms
- Austin ranks 10th, with 80 projects featuring 10,306 guest rooms
- San Antonio ranks 21st, with 46 projects featuring 5,116 guest rooms