STR: Upper-Upscale Hotels Well Represented in Development Pipeline
HENDERSONVILLE, Tennessee—Upper-upscale hotels, the property types most associated with business travel, are well represented in the U.S. development pipeline. The volume of projects in the segment points to confidence in the future of business travel, according to STR. “Upper upscale saw the slowest recovery, but a steady climb in performance and the business travel indicators have supported developer confidence in the segment,” said Isaac Collazo, STR’s vice president, analytics. “The more than 23,000 upper upscale […]
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