STR: U.S. Hotel Room Construction Down 61,000 From 2020 High
HENDERSONVILLE, Tennessee—The number of U.S. hotel rooms in construction is down roughly 61,000 from the country’s all-time high achieved in early 2020, according to December 2021 pipeline data from STR. The final two phases of the pipeline—construction and final planning—are down by double digits from the same time last year while activity in the planning stage has risen significantly. U.S. Hotel Construction December 2021 Percentage change in comparison with December 2020: In construction: 158,906 rooms […]
The post STR: U.S. Hotel Room Construction Down 61,000 From 2020 High appeared first on LODGING Magazine.