Hotel developers are feeling more optimistic about the future of the lodging industry as evidenced by a strong pipeline of projects, according to the latest report from Lodging Econometrics (LE). According to LE’s research, New York has the largest hotel construction pipeline, with 146 projects/25,232 rooms, followed by Los Angeles, with 135 projects/22,586 rooms; Dallas, with 132 projects/16,183 rooms; Atlanta, with 129 projects/17,845 rooms; and Nashville, with 91 projects/12,703 rooms. New York also leads with the number of hotels and rooms to open in 2021, followed by Orlando, Nashville, Atlanta and Houston. In 2022, New York is forecast to, again, top the list of new hotel openings, with 46 projects/7,934 rooms, while Dallas is anticipated to lead in 2023, with 35 projects/4,013 rooms expected to open. The report also said that many hotel owners, developers and management groups have used the operational downtime caused by COVID-19’s impact on operating performance as an opportunity to upgrade and renovate their hotels and/or redefine them with a brand conversion. In the second quarter of 2021, LE recorded a combined renovation and conversion total of 1,135 active projects with 176,445 rooms for the US.