Development Slowdown: U.S. Hotel Pipeline Hampered by Pandemic-Related and More Recent Disruptors
After more than two years of pandemic disruption in the hospitality industry, data shows a slowdown in U.S. hotel development. Supply chain issues, staffing shortages, and other pandemic-related disruptions have challenged hotel development, but more recently, increased costs and concern around an economic downturn have created further obstacles for developers. As such, activity would suggest a cautious approach due to uncertain times ahead. The longer-term view shows that new openings were on the rise prior […]
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