HENDERSONVILLE, Tennessee—While U.S. hotel construction has declined for seven consecutive months, rooms in construction in both New York City and Nashville represent a significant percentage of those markets’ existing supply. Additionally, planning activity continues to rise nationally, albeit at a slower pace, with markets such as Miami, Nashville and Phoenix showing increased interest from developers, according to STR. U.S. Hotel Pipeline June 2022 Percentage change in comparison with June 2021: In Construction: 149,198 rooms (down […]

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