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

Register to view the full article

Register for MeetingsNet.com and gain access to premium content including the CMI 25 Listing, our monthly digital edition, the MeetingsNet app, live and on-demand webinars, and much more.

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish