Dallas Hotel Jobs to Grow as Construction Projects are Completed

Plenty of Dallas hotel jobs (Click here) should be created in the coming months, as the city ranks high for its number of hotel rooms in construction.

According to the October Construction Dodge Pipeline Report from Smith Travel Research and McGraw Hill, there are currently 2,835 hotel projects underway totaling 310,387 rooms, which is a 9 percent decrease from last year.

Dallas ranks fourth in the nation for the number of hotel rooms in construction. The report includes projects in the "In Construction," "Final Planning," and "Planning" stages, but not those in the "Pre-Planning" stage.

The top 10 markets by number of rooms in construction include:

1. New York City - 7,459
   
2. Orlando - 2,835
   
3. Washington, D.C. - 2,674
   
4. Nashville - 1,490
   
5. Dallas - 1,400
   
6. Phoenix - 1,156
   
7. Philadelphia - 1,071
   
8. Miami-Hialea - 1,036
   
9. Las Vegas - 794
   
10. Chicago - 724

"New room supply growth will remain muted for the overall industry in the coming years," Vail Brown, vice president of global sales and marketing for STR, said in a press release. "An exception is the New York City market; they are in the middle of a new hotel construction explosion. Currently, rooms under construction represent around 7 percent of their existing supply base; this is a robust number.

"One very interesting observation is this is the first time in several years STR hasn't seen Las Vegas in the top five for new construction," she added.

Dallas Hotel Jobs Among Industries Growing

Dallas hotel jobs (Click here) are among those seeing significant increases over the last month and year.

During May, the Dallas area's unemployment rate climbed from 7.7 percent to 7.9 percent, after falling from 8.1 percent the previous month. However, the area's rate was still lower than the national average at the time of 9.1 percent.

The Dallas-Plano-Irving area employed a total of 2,070,700 workers during May, which is up from 2,063,100 workers during April and a 2.5 percent increase from last year, according to the Bureau of Labor Statistics.

Several industries added jobs over the month, led by the professional and business services industry, and followed by trade, transportation, and utilities; leisure and hospitality; government; financial activities; education and health services; information; and other services.

Many industries also saw an increase in jobs over the year, with the professional and business services industry growing the most, followed by mining, logging, and construction; education and health services; trade, transportation, and utilities; financial activities; leisure and hospitality; and other services.

Here's a look at how each industry fared over the month and year:

• Mining, logging, and construction - -1,400 jobs/+5.4 percent
• Manufacturing - -400 jobs/-1.3 percent
• Trade, transportation, and utilities - +2,600 jobs/+1.8 percent
• Information - +100 jobs/-5.6 percent
• Financial activities - +1,000 jobs/+4.6 percent
• Professional and business services - +2,900 jobs/+7.3 percent
• Education and health services - +100 jobs/+4.8 percent
• Leisure and hospitality - +1,400 jobs/+.9 percent
• Other services - +100 jobs/+.3 percent
• Government - +1,200 jobs/-1.1 percent