Hotels Stepping Up New Inventory Pace

While the seller’s market is undoubtedly here to stay for a while, Lodging Econometrics’ mid-year report is forecasting increasing growth in new hotel inventory, up to a 2.8 percent increase in gross supply by 2008. More than 1,000 new hotels, including 131,517 new rooms, are expected to come online in 2008. This shows a steady growth in hotel inventory, from 1.6 percent last year, to 1.9 percent in 2006, and a projected 2.6 percent growth in 2007. However, while new construction in the secon

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