NYC, Phoenix projected to open the most hotel rooms in 2026

ARLINGTON, Va. – 16 January 2026 – Among all U.S. markets, New York City and Phoenix are set to open the most hotel rooms in 2026, according to pipeline data from CoStar, a leading provider of online real estate marketplaces, information and analytics in the property markets. 

Top markets by projected 2026 room openings

• New York City (4,852 rooms)

• Phoenix (3,650 rooms)

• Dallas (3,558 rooms)

• Orlando (1,988 rooms)

• 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.”

 

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 U.S. hotel openings

• 2025: 749 hotels/79,116 rooms

• 2026 (projected): 891 hotels/99,011 rooms

• 2027 (projected): 1,688 hotels/191,926 rooms

“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,” said Collazo.  “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.”

For more information about the company and its products and services, please visit www.costargroup.com. 

News Media Contact
Haley Luther
Senior Communications Manager 
(216) 278-0627
hluther@costar.com

About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 143 million average monthly unique visitors in the third quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that a projected increase in U.S. hotel openings for 2026 does not occur despite what expected high rates of new construction and past increases in U.S. hotel openings might suggest. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.