Phoenix is one of the top markets in the United States for new hotel construction, according to a report released this week by Lodging Econometrics, a company that tracks hotel and lodging industry data.

Currently there are 120 projects with a total of 15,627 rooms in the Valley’s hotel construction pipeline, according to the report. The only markets with more projects under construction were Dallas, Atlanta, California’s Inland Empire and Nashville.

A year ago, Lodging Econometrics's Q2 report showed that the Valley's pipeline had 119 projects with 16,107 hotel rooms in it.

By Brandon Brown – Senior Reporter, Phoenix Business Journal