Leveraging its innovation centers and neighborhoods, the city is rising in the ranks.
The number of hotel rooms in construction in Central and South America decreased 9% in October to 20,368.
In October, the Middle East reported a 5.7% year-over-year decrease in the number of hotel rooms in construction. Africa reported a 4% decrease in rooms in construction.
According to the third quarter construction pipeline trend report published by Lodging Econometrics (L.E.), the top five markets with the largest hotel construction pipelines by projects is led by Los Angeles with 161 projects/26,670 rooms.