Hotel Construction Pipeline Down 72 Percent From Peak

The recession of the past two years will affect new hotel construction for the next three years, and the projected slowdown in supply is good news for the hotel industry.

A lack of financing for new hotels has stalled many projects in the construction pipeline, according to Lodging Econometrics, Portsmouth, N.H. “The total number of projects pres¬ently under construction, at 487 projects/62,041 rooms, is the lowest we’ve

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